Contemporary Engineering Economics (6th Edition)
Contemporary Engineering Economics (6th Edition)
6th Edition
ISBN: 9780134105598
Author: Chan S. Park
Publisher: PEARSON
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Chapter 3, Problem 54P
To determine

Calculate the present worth.

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Calculate the future value (F) for the cash flows at the end of each year over a four-year period, using the interest rates indicated in the provided figure. 10% Compounded quarterly 6% Compounded monthly 0 $450 1 2 $150 F=? 3 Year $450
How much money will be in your account three years after the previous deposit? If you make six straight annual deposits of $6,000 to a savings account that pays a 15% interest rate compounded semi-annually.
$200,000 was deposited at an interest rate of 24% compounded semi-annually. After how many years will the sum be 621,170? You are making semi-annual deposits into a fund that pays interest at a rate of 9% compounded continuously. What is the effective semi-annual interest rate?
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