Engineering economics
What is the future worth of a series of equal year-end deposits of $2,000 for 15 years in a savings account that earns 8% annual interest if the following were true? (a) All deposits are made at the end of each year?
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What is the future worth of a series of equal year-end deposits of $3,500 for 11...
What is the future worth of a series of equal year-end deposits of $3,500 for 11 years in a savings account that earns 13% annual interest if the following were true? (a) All deposits are made at the end of each year? (b) All deposits are made at the beginning of each year? Click the icon to view the interest factors for discrete compounding when i = 13% per year. (a) The future worth of a series of equal year...
What is the future worth of a series of equal year-end deposits of $2.900 for 10...
What is the future worth of a series of equal year-end deposits of $2.900 for 10 years in a savings account that earns 7% annual interest if the following were true? (a) All deposits are made at the end of each year? (b) All deposits are made at the beginning of each year? Click the icon to view the interest factors for discrete compounding when i: 7% per year. (a) The future worth of a series of equal year-end deposits...
-27 How much invested now at an interest rate of 9% compounded annually would be just...
-27 How much invested now at an interest rate of 9% compounded annually would be just sufficient to provide three payments as follows: the first payment in the amount of $3,000 occurring two years from now, the second payment in the amount of $4,000 five years thereafter, and the third payment in the amount of $5,000 seven years thereafter? 62.34 What is the future worth of a series of equal yearly deposits of $5,000 for 7 years in a savings...
Engineering economics
How many years are required for P10,000.00 to increase to P20,000.00 if invested at 9% per year compounded annually, semi-annually, quarterly and monthly.2. If the sum of P12,000.00 is deposited in an account earning interest at the rate of 9% compounded quarterly, what will be the accumulated amount at the end of 8 years?3. Annual deposits were made in a fund earning 10% per annum. The first deposit wasP2000.00 and each deposit thereafter was P200.00 less than the preceding one....
There are three categories of cash flows: single cash flows, also referred to as "lump sums,"...
There are three categories of cash flows: single cash flows, also referred to as "lump sums," a stream of unequal cash flows, and annuities. Based on your understanding of annuities, answer the following questions. Which of the following statements about annuities are true? Check all that apply. When equal payments are made at the end of each period for a certain time period, they are treated as ordinary annuities. O An ordinary annuity of equal time earns less interest than...
What is the future worth of a series of deposits of $1,123 for 25 years into...
What is the future worth of a series of deposits of $1,123 for 25 years into a savings account that receives 8% annual interest?
engineering economics
yesha and Asim have just opened two savings accounts at their credit union. The accounts earn 10% annual interest. Asim wants to deposit $1000 in his account at the end of the first year and increase this amount by $300 for each of the next five years. Ayesha wants to deposit an equal amount each year for the next six years. Determine the size of Ayesha's annual deposit so that the two accounts will have equal balances at the end...
You will need at least $5,100 in four years and your friend says she can either...
You will need at least $5,100 in four years and your friend says she can either loan you $5100 all at once four years from now or she can deposit $1275 in your savings account at the end of each year for the next four years. Your savings account earns 9% Interest, compounded annually. Which option would be worth more to you four years from now, and how much more? (Future Value of $1. Present Value of $1. Future Value...
Which of the following statements about annuities are true? Check all that apply. An annuity due...
Which of the following statements about annuities are true? Check all that apply. An annuity due is an annuity that makes a payment at the beginning of each period for a certain time period. An annuity due earns more interest than an ordinary annuity of equal time. Ordinary annuities make fixed payments at the beginning of each period for a certain time period. An annuity is a series of equal payments made at fixed intervals for a specified number of...
8,9and 10 also please draw cash flow diagrams customer service department. I he company can earn...
8,9and 10 also please draw cash flow diagrams
customer service department. I he company can earn an interest at 10% on the lump sum deposited now and it wishes to withdraw the money in the following increments. .Year 1: $25,000 to purchase a computer Year 2: $3000 to purchase additional hardware . Year 3: No expenses How much money must be deposited now to cover anticipated expenses over next 4 years? ANNUAL WORTH METHOD Year 4: $5000 to purchase s/w...
What is the future worth of a series of equal year-end deposits of $3,500 for 11 years in a savings account that earns 13% annual interest if the following were true? (a) All deposits are made at the end of each year? (b) All deposits are made at the beginning of each year? Click the icon to view the interest factors for discrete compounding when i = 13% per year. (a) The future worth of a series of equal year...
What is the future worth of a series of equal year-end deposits of $2.900 for 10 years in a savings account that earns 7% annual interest if the following were true? (a) All deposits are made at the end of each year? (b) All deposits are made at the beginning of each year? Click the icon to view the interest factors for discrete compounding when i: 7% per year. (a) The future worth of a series of equal year-end deposits...
-27 How much invested now at an interest rate of 9% compounded annually would be just sufficient to provide three payments as follows: the first payment in the amount of $3,000 occurring two years from now, the second payment in the amount of $4,000 five years thereafter, and the third payment in the amount of $5,000 seven years thereafter? 62.34 What is the future worth of a series of equal yearly deposits of $5,000 for 7 years in a savings...
There are three categories of cash flows: single cash flows, also referred to as "lump sums," a stream of unequal cash flows, and annuities. Based on your understanding of annuities, answer the following questions. Which of the following statements about annuities are true? Check all that apply. When equal payments are made at the end of each period for a certain time period, they are treated as ordinary annuities. O An ordinary annuity of equal time earns less interest than...
You will need at least $5,100 in four years and your friend says she can either loan you $5100 all at once four years from now or she can deposit $1275 in your savings account at the end of each year for the next four years. Your savings account earns 9% Interest, compounded annually. Which option would be worth more to you four years from now, and how much more? (Future Value of $1. Present Value of $1. Future Value...
Which of the following statements about annuities are true? Check all that apply. An annuity due is an annuity that makes a payment at the beginning of each period for a certain time period. An annuity due earns more interest than an ordinary annuity of equal time. Ordinary annuities make fixed payments at the beginning of each period for a certain time period. An annuity is a series of equal payments made at fixed intervals for a specified number of...
8,9and 10 also please draw cash flow diagrams
customer service department. I he company can earn an interest at 10% on the lump sum deposited now and it wishes to withdraw the money in the following increments. .Year 1: $25,000 to purchase a computer Year 2: $3000 to purchase additional hardware . Year 3: No expenses How much money must be deposited now to cover anticipated expenses over next 4 years? ANNUAL WORTH METHOD Year 4: $5000 to purchase s/w...
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