An engineer deposits $2,000 per year for 12 years at a rate of 2% per year...
2b (12 pts) An engineer deposits $1,000 per month from at a rate of 24% per year, compounded semiannually for years. Six years after the last deposit, how much will he be able to withdraw? HINT: Draw the cash flow diagram in the negative direction
d. 12% nominal rate, monthly compounding 2. You plan to invest an amount of money in five-year certificate of deposit (CD) at your bank. The stated interest rate applied to the CD is 12 percent, compounded annually. How much must you invest if you want the balance in the CD account to be $8,500 in five years? 3. You deposited $1,000 in a savings account that pays 8 percent interest, compounded annually, planning to use it to finish your last...
an engineer received a bouns of $10000 if he deposits it now at an interest rate of 8% per year how many years must the money be accumulated befor shw can withdraw %2000 per year forever?
Q6) A 35-year old industrial engineer (IE) plans on depositing $6,500, into a retirement investment account paying 8% annual interest, at the end of every year for the next 25 years starting at the end of this year. After the 25th investment, the engineer will make no more deposits. a) What will the IE's account balance be as of their last investment at EOY 25? (5 pts) b) Unfortunately, the IE will not be able to withdraw any retirement account...
The president of a company wants to make two equal lump-sum deposits, one 2 years and the second 4 years from now, so he can make five $100-per-year withdrawals starting when the second deposit is made. Further, he plans to withdraw an additional $500 the year after the withdrawal series ends. Draw his cash-flow diagram.
You decide to open an individual retirement account (IRA) at your local bank that pays 12%/year/year. At the end of each of the next 40 years, you will deposit $2,000 per year into the account (40 total deposits), 3 years after the last deposit, you will begin making annual withdrawals. If you want the account to last 30 years (30 withdrawals), what amount will you be able to withdraw each year? $
Question (3) Mary made five annual deposits of $6,000 in a savings account that pays interest at a rate of 6% per year. One year after making the last deposit, the interest rate changed to 10% per year. Five years after the last deposit, how much accumulated money can she withdraw from the account?
How much money would be accumulated 12 years from now from deposits of $15,000 per year for 5 consecutive years, starting 4 years from now, if the interest rate is 10% per year. The amount that would be accumulated is determined to be $ . Engineering Economy 8th edition Leland Blank Anthony Tarquin
Joe Smith makes 5 annual deposits of $5,000 in a savings account with and interest rate of 5% per year. One year after making the last deposit, the interest changes to 6%. If the money is withdrawn five years after the last deposit, how much money is withdrawn? QUESTION 6 Joe Smith makes 5 annual deposits of $5,000 in a savings account with and interest rate of 5% per year. One year after making the last deposit, the interest changes...
5) An engineer deposits $500 per month into an account that pays 6% interest per year semi-annually (2 times a year). How much will be in the account at the end of 10 years? Assume no interperiod. a. d) 80,611 b. a) 60,029 c. b) 70,250 d. c) 75,890