Need both question 5 and 6....all 4 parts.......Attempt if you can solve all parts of both question. ... 5. If we deposited $3,000 now and an equal amount at the end of each 4 years withi = 15% per annum.a. Find the value accumulated after 10 years.b. Calculate the equivalent uniform annual deposits.6. A land is purchased for $500,000 to be repaid through 10 annual payments with 12%annual interest rate .After making the first 6 payments, the interest rate was reduced to10% per year .Calculate:a. The reduction in the remaining 4 payments.b. The equivalent constant interest rate.

Amount deposited now = $3,000Amount at the end of each 4 years = $3,000Interest rate = 15% per…

Answered: 5. If we deposited $3,000 now and an…

5. If we deposited $3,000 now and an equal amount at the end of each 4 years with i = 15% per annum. a. Find the value accumulated after 10 years. b. Calculate the equivalent uniform annual deposits.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Need both question 5 and 6....all 4 parts.......

Attempt if you can solve all parts of both question. ...

5. If we deposited $3,000 now and an equal amount at the end of each 4 years with
i = 15% per annum.
a. Find the value accumulated after 10 years.
b. Calculate the equivalent uniform annual deposits.
6. A land is purchased for $500,000 to be repaid through 10 annual payments with 12%
annual interest rate .After making the first 6 payments, the interest rate was reduced to
10% per year .Calculate:
a. The reduction in the remaining 4 payments.
b. The equivalent constant interest rate.

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