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This question is about " Engineering Economics ".
Chapter1: Foundations of Engineering Economy.
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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....
Engineering Economy a. Mr. Manny invests $100,000 today to be repaid in five years in one...
Engineering Economy
a. Mr. Manny invests $100,000 today to be repaid in five years in one lump sum at 12% compounded annually. If the rate of inflation is 3% compounded annually, approximately how much profit in present day pesos, is realized over the five years? b. What is the effective annual interest rate if Mr. Waldo pays interest on a loan semi-annually at a nominal annual interest rate of 16%. c. Determine the interest rate compounded monthly that is equivalent...
please show your work for 19-21 Problems with a little twist (1-6% unless otherwise stated) 16....
please show your work for 19-21
Problems with a little twist (1-6% unless otherwise stated) 16. If $10000 is deposited today with annual interest rate of 6% and each month is desired to withdraw from this account $100, how many times this monthly withdrawals can be done before the money runs out? 17. If we deposit $100 a month for the next 5 years into an account and at the end of 5 years the account has accumulated $10,000 what...
Jean receives annuity payments at the end of every six months. If she deposits these payments...
Jean receives annuity payments at the end of every six months. If she deposits these payments in an account earning interest at 9% compounded monthly, what is the equivalent semi-annually compounded rate of interest? What sum of money must be deposited at the end of every 3 months into an account paying 6% compounded monthly to accumulate to $25,000 in 10 years? Irina deposited $150 in a savings account at the end of each month for 60 months. If the...
How much interest is earned in an account by the end of 5 years if $30,000...
How much interest is earned in an account by the end of 5 years if $30,000 is deposited and interest is 4% per year, compounded semi-annually? What is the balance in an account at the end of 10 years if $6,500 is deposited today and the account earns 3% interest compounded annually? If you wish to accumulate $50,000 in 10 years, how much must you deposit today in an account that pays annual interest rate of 8%, with semi-annual compounding...
Chemical engineering class Engineering Economics I’m not understanding how he got the 0.0811 rate! Can someone...
Chemical engineering class Engineering Economics
I’m not understanding how he got the 0.0811 rate! Can someone
explain that step by step. (Pic attached)
Question: Jim wants to save money at the end of each month to
pay for some equipment of $1000 at the end of the year. If bank
pays 6% interest, compounded monthly, how much does Jim have to
deposit every month?
Example 4-2 Uniform Series Compound Interest Formulas Jim wants to save money at the end of...
1. You won $100 000 in a lottery and you want to set some of that...
1. You won $100 000 in a lottery and you want to set some of that sum aside for 10 years. After 10 years, you would like to receive $2400 at the end of every 3 months for 8 years. How much of your winnings must you set aside if interest is 5.5% compounded quarterly? 2. A sum of money is deposited at the end of every month for 10 years at 7.5% compounded monthly. After the last deposit, interest...
please show your work and solve for 16-18 Problems with a little twist (i-6% unless otherwise...
please show your work and solve for 16-18
Problems with a little twist (i-6% unless otherwise stated) 16. If $10000 is deposited today with annual interest rate of 6% and each month is desired to withdraw from this account $100, how many times this monthly withdrawals can be done before the money runs out? 17. If we deposit $100 a month for the next 5 years into an account and at the end of 5 years the account has accumulated...
Industrial Engineering/Engineering Economy Question pt 3 Problem #3: How much money can be withdrawn monthly for...
Industrial Engineering/Engineering Economy Question pt 3
Problem #3: How much money can be withdrawn monthly for 20 years from a retirement fund which earns a nominal 8% per year interest compounded monthly and has a present amount $360,000 in it? (Note: The effective monthly interest rate is 8/12 - .666667%. Therefore, you may not want to use the tables.)
4:09 1 OK. 73% INDE232-HOMEWORK1 - Read-only Read Only - You can't save changes to this...
4:09 1 OK. 73% INDE232-HOMEWORK1 - Read-only Read Only - You can't save changes to this file. V INDE232 ENGINEERING ECONOMICS STUDY QUESTIONS- HOMEWORK 1 1. How much should be put in an investment with a 10% effective annual rate today to have $10,000 in five years? 2. A person wishes to have a future sum of 100,000 US Dollars for his son's education after 8 years from now. What is the single-payment that he should deposit now so that...
Engineering Economy
a. Mr. Manny invests $100,000 today to be repaid in five years in one lump sum at 12% compounded annually. If the rate of inflation is 3% compounded annually, approximately how much profit in present day pesos, is realized over the five years? b. What is the effective annual interest rate if Mr. Waldo pays interest on a loan semi-annually at a nominal annual interest rate of 16%. c. Determine the interest rate compounded monthly that is equivalent...
please show your work for 19-21
Problems with a little twist (1-6% unless otherwise stated) 16. If $10000 is deposited today with annual interest rate of 6% and each month is desired to withdraw from this account $100, how many times this monthly withdrawals can be done before the money runs out? 17. If we deposit $100 a month for the next 5 years into an account and at the end of 5 years the account has accumulated $10,000 what...
Jean receives annuity payments at the end of every six months. If she deposits these payments in an account earning interest at 9% compounded monthly, what is the equivalent semi-annually compounded rate of interest? What sum of money must be deposited at the end of every 3 months into an account paying 6% compounded monthly to accumulate to $25,000 in 10 years? Irina deposited $150 in a savings account at the end of each month for 60 months. If the...
Chemical engineering class Engineering Economics
I’m not understanding how he got the 0.0811 rate! Can someone
explain that step by step. (Pic attached)
Question: Jim wants to save money at the end of each month to
pay for some equipment of $1000 at the end of the year. If bank
pays 6% interest, compounded monthly, how much does Jim have to
deposit every month?
Example 4-2 Uniform Series Compound Interest Formulas Jim wants to save money at the end of...
1. You won $100 000 in a lottery and you want to set some of that sum aside for 10 years. After 10 years, you would like to receive $2400 at the end of every 3 months for 8 years. How much of your winnings must you set aside if interest is 5.5% compounded quarterly? 2. A sum of money is deposited at the end of every month for 10 years at 7.5% compounded monthly. After the last deposit, interest...
please show your work and solve for 16-18
Problems with a little twist (i-6% unless otherwise stated) 16. If $10000 is deposited today with annual interest rate of 6% and each month is desired to withdraw from this account $100, how many times this monthly withdrawals can be done before the money runs out? 17. If we deposit $100 a month for the next 5 years into an account and at the end of 5 years the account has accumulated...
Industrial Engineering/Engineering Economy Question pt 3
Problem #3: How much money can be withdrawn monthly for 20 years from a retirement fund which earns a nominal 8% per year interest compounded monthly and has a present amount $360,000 in it? (Note: The effective monthly interest rate is 8/12 - .666667%. Therefore, you may not want to use the tables.)
4:09 1 OK. 73% INDE232-HOMEWORK1 - Read-only Read Only - You can't save changes to this file. V INDE232 ENGINEERING ECONOMICS STUDY QUESTIONS- HOMEWORK 1 1. How much should be put in an investment with a 10% effective annual rate today to have $10,000 in five years? 2. A person wishes to have a future sum of 100,000 US Dollars for his son's education after 8 years from now. What is the single-payment that he should deposit now so that...
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