if from Econ for Engrs & Scientists class
can please be a detail of how solved
Homework Answers
Formula for future worth, F = P *(1+i)^t
i = 5% = 0.05
We need to count years from each payment uptill the future point
Future worth of all payments = 600 * (1+0.05)^10 + 300*(1+0.05)^8 + 400*(1+0.05)^5
= 600 * (1.05)^10 + 300*(1.05)^8 + 400*(1.05)^5
= 600 * 1.628894 + 300*1.477455 + 400 * 1.276281
= 1931.08
Add Answer to:
if from Econ for Engrs & Scientists class
can please be a detail of how solved...
Can you detail explain how solved please, this is from Basic of Engineer Economic 1. What is the rate of return if yo...
Can you detail explain how solved please,
this is from Basic of Engineer Economic
1. What is the rate of return if you purchase the HAL 9000 from only information given by OEECI? It is i* within: a. 0 = -8M - 12K(PIA, i*, 10) + 1M(P/G, i*, 3) + 23K(P/F, i*, 10) b. O = (50K - 62K)(PIA, i*, 10) + 1M(P/G, 1*, 10) + 33K(P/F, i*, 10) - 8M C. 0 = -1.5M(P/A, i*, 10) + 3M +...
Jamie Lee Jackson, age 24, has recently decided to switch from attending college part-time to full-time...
Jamie Lee Jackson, age 24, has recently decided to switch from attending college part-time to full-time in order to pursue her business degree, and aims to graduate within the next three years. She has 55 credit hours remaining in order to earn her bachelor's degree, and knows that it will be a challenge to complete her course of study while still working part-time in the bakery department of a local grocery store, where she earns $390 a week. Jamie Lee...
This problem has three questions. Make sure to answer all three questions. For the following problem,...
This problem has three questions. Make sure to answer all three questions. For the following problem, assume that all debts and payments are incurred at the end of the month and that interest is compounded monthly. Assume that retirement savings are invested in the stock market and earn an annual interest rate of 11%, which is compounded monthly. . Big Spender James gets a credit card at the beginning of his freshman year. • He adds $693 of credit card...
Can you please solve these on Excel and show me how you solved it. Thank you...
Can you please solve these on Excel and show me how you solved
it. Thank you so much.
6) You would like to have $5 million dollars when you retire at age 65. You are 25 years old and you want to make your first savings payment immediately. You have not saved any money for your retirement as of yet. Assume interest rate is 7%, how much money must you set aside per year until and including your 65th birthday?...
d. 12% nominal rate, monthly compounding 2. You plan to invest an amount of money in...
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...
please help me with these practice problems Answers to numerical questions can be rounded to the...
please help me with these practice problems
Answers to numerical questions can be rounded to the nearest whole dollar. Put interest rates in basis point format, 1. Present Value a. What is the PV of $20,000 received 8 years from now if the discount factor is 4.50%? (2) 2. Compounding a. If $40,000 is put in an account paying 3% interest annually. How much more interest will be earned in ten years if the interest is compounded daily versus annually?...
Need this to be solved asap thanks. The trial balance for Cozy Fireplaces Inc. for December...
Need this to be solved asap thanks.
The trial balance for Cozy Fireplaces Inc. for December 31, 2020, follows: Credit balances Cash Debit balances $ 89,700 38,300 95,200 5,100 46,600 79,600 150,000 $19,500 21,600 Accounts receivable Inventory Supplies Prepaid rent Land Building Accumulated depreciation, building Accounts payable Wages payable Interest payable Income tax payable Unearned revenue Bank loan payable Common shares Retained earnings Sales revenue Cost of goods sold Wages expense Rent expense Supplies expense Depreciation expense Interest expense Miscellaneous...
Please answer in detail, so I can have clear understanding Q.5. Business Services Ltd. was set...
Please answer in detail, so I can have clear
understanding
Q.5. Business Services Ltd. was set up on January 2013. Its trial balance on January 31, 2013 was as follows [10] Business Services Ltd. Trial Balance, January 31, 2013 Amount in Rs. Credit Debit 15000 12000 2140 16-40 630 3600 ELE Particulars Buildings Office squipment Office supplies Trade receivables (debtors) Cash Prepaid rent Trade payables (creditors) Unearned revenue Share capital Dividends Revenue from services (sales) Salaries expense Electricity expense Total...
How does this article relate to the factors of productions in economics? From Music to Maps,...
How does this article relate to the factors of productions in economics? From Music to Maps, How Apple’s iPhone Changed Business Ten years ago, hailing a cab meant waiving one's arm at passing traffic, consumers routinely purchased cameras, and a phone was something people made calls on. The iPhone, released a decade ago this month, changed all of that and more, sparking a business transformation as sweeping as the one triggered by the personal computer in the 1980s. Apple Inc.'s...
please show me how to solve using a financial calculator if possible....thanks in advance BE6.7 (LO...
please show me how to solve using a financial
calculator if possible....thanks in advance
BE6.7 (LO 2) John Fillmore's lifelong dream is to own his own fishing boat to use in his retirement. John has recently come into an inheritance of $400,000. He estimates that the boat he wants will cost $300,000 when he retires in 5 years. How much of his inheritance must he invest at an annual rate of 8% (compounded annually) to buy the boat at retirement?...
Can you detail explain how solved please,
this is from Basic of Engineer Economic
1. What is the rate of return if you purchase the HAL 9000 from only information given by OEECI? It is i* within: a. 0 = -8M - 12K(PIA, i*, 10) + 1M(P/G, i*, 3) + 23K(P/F, i*, 10) b. O = (50K - 62K)(PIA, i*, 10) + 1M(P/G, 1*, 10) + 33K(P/F, i*, 10) - 8M C. 0 = -1.5M(P/A, i*, 10) + 3M +...
This problem has three questions. Make sure to answer all three questions. For the following problem, assume that all debts and payments are incurred at the end of the month and that interest is compounded monthly. Assume that retirement savings are invested in the stock market and earn an annual interest rate of 11%, which is compounded monthly. . Big Spender James gets a credit card at the beginning of his freshman year. • He adds $693 of credit card...
Can you please solve these on Excel and show me how you solved
it. Thank you so much.
6) You would like to have $5 million dollars when you retire at age 65. You are 25 years old and you want to make your first savings payment immediately. You have not saved any money for your retirement as of yet. Assume interest rate is 7%, how much money must you set aside per year until and including your 65th birthday?...
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...
please help me with these practice problems
Answers to numerical questions can be rounded to the nearest whole dollar. Put interest rates in basis point format, 1. Present Value a. What is the PV of $20,000 received 8 years from now if the discount factor is 4.50%? (2) 2. Compounding a. If $40,000 is put in an account paying 3% interest annually. How much more interest will be earned in ten years if the interest is compounded daily versus annually?...
Need this to be solved asap thanks.
The trial balance for Cozy Fireplaces Inc. for December 31, 2020, follows: Credit balances Cash Debit balances $ 89,700 38,300 95,200 5,100 46,600 79,600 150,000 $19,500 21,600 Accounts receivable Inventory Supplies Prepaid rent Land Building Accumulated depreciation, building Accounts payable Wages payable Interest payable Income tax payable Unearned revenue Bank loan payable Common shares Retained earnings Sales revenue Cost of goods sold Wages expense Rent expense Supplies expense Depreciation expense Interest expense Miscellaneous...
Please answer in detail, so I can have clear
understanding
Q.5. Business Services Ltd. was set up on January 2013. Its trial balance on January 31, 2013 was as follows [10] Business Services Ltd. Trial Balance, January 31, 2013 Amount in Rs. Credit Debit 15000 12000 2140 16-40 630 3600 ELE Particulars Buildings Office squipment Office supplies Trade receivables (debtors) Cash Prepaid rent Trade payables (creditors) Unearned revenue Share capital Dividends Revenue from services (sales) Salaries expense Electricity expense Total...
please show me how to solve using a financial
calculator if possible....thanks in advance
BE6.7 (LO 2) John Fillmore's lifelong dream is to own his own fishing boat to use in his retirement. John has recently come into an inheritance of $400,000. He estimates that the boat he wants will cost $300,000 when he retires in 5 years. How much of his inheritance must he invest at an annual rate of 8% (compounded annually) to buy the boat at retirement?...
Most questions answered within 3 hours.
-
Case study 2.1 : W.L GORE AND
ASSOCIATES
1. How did Bill Gore structure management within...
asked 33 seconds ago -
If you add 4.00 mL of pure water to 6.00 mL of .750 M NaCl
solution,...
asked 55 seconds ago -
Question#4
Given the following 14 compounds: acetic acid ammonia sodium
chloride carbon dioxide water perchloric acid...
asked 24 minutes ago -
Antimony, Sb, has two stable isotopes: 121Sb, 120.904u, and
123Sb, 122.904u. What is the percent abundance...
asked 36 minutes ago -
Compare the solubility of calcium fluoride in
each of the following aqueous solutions:
Clear All
0.10...
asked 31 minutes ago -
The annual maintenance costs associated with a machine are $1000
for the first 10 years and...
asked 35 minutes ago -
Milano Pizza is a small neighborhood pizzeria that has a small
area for in-store dining as...
asked 51 minutes ago -
Suppose the current exchange rate for the Russian ruble is RUB
64.18. The expected exchange rate...
asked 52 minutes ago -
Instructions Part 1 - Implementation of a Doubly Linked
List Attached you will find the code...
asked 2 hours ago -
You work for a factory making bricks. A coworker accidentally
contaminated one of the bricks with...
asked 2 hours ago -
for python-3
I want to prompt the user to enter their first name and then
Call...
asked 3 hours ago -
Q3 If the formation of a hairpin loop requires a minimum
stem
length of 6 contiguous...
asked 3 hours ago