Calculate the untabulated i using two methods for ( F/P, 10.3%,45) Factor Formula (Put the final answer) Interpolation Equation (Put the final answer) Percent Difference between interpolated and formula calculated values
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- For the factor (F∕P,10%,43), find the percent difference between the interpolated and formula-calculated values, assuming the formula-calculated value is the correct one.A $10,000 loan amortized over 5 years at an interest rate of 10% per year requires payments of $2638 to completely remove the loan when interest is charged on the unrecovered balance of the principal. If interest is charged on the original principal instead of the unrecovered balance, what is the loan balance after 5 years, provided the same $2638 payments are made each year?An investor purchased a one-acre lot on the outskirts of a city for $9000 cash. Each year he paid $80 of property taxes. At the end of 4 years, he sold the lot. After deducting his selling expenses, the investor received $15,000. What rate of return did he receive on his investment? Formulate the NetPW equation to calculate the ROR and use Microsoft Excel to calculate the ROR. Attach your excel worksheet.
- Since your first birthday, your grandparents have been depositing $110 into a savings account every month. The account pays 12% interest annually. Immediately after your grandparents make the deposit on your 18th birthday, the amount of money in your savings account will be closest to ________.ENGINEERING ECONOMICS Identify the following as cash inflows or outflows to commercial air carriers: fuel cost, pension plan contributions, fares, maintenance, freight revenue,cargo revenue, extra-bag charges, water and sodas, advertising, landing fees, seat preference fees.Trial and error is the only way to compute the internal rate of return (IRR) when interest is calculated over five or more periods Select one: True False
- Yvonne’s father was a true believer in “giving back.” He endowed a program 35 years ago to help students receive degrees when they are short on funds. If Yvonne wants to start her own scholarship fund that generates $10,000 annually starting next year, what is the amount she must contribute if earnings remain at 10% per year? The amount she must contribute if earnings remain at 10% per year is $XQ3 solution needed. another pic is just for helping materialWrite the engineering economy symbol that corresponds to each of the following spreadsheet functions. (a) PV (b) PMT (c) NPER (d ) IRR (e) FV ( f ) RATE
- Automobiles of the future will most likely be manufactured largely with carbon fibers made from recycled plastics, wood pulp, and cellulose. Replacing half the ferrous metals in current automobiles could reduce a vehicle’s weight by 60% and fuel consumption by 30%. One impediment to using carbon fibers in cars is cost. If the justification for the extra sticker price of carbon-fiber cars is solely based on fuel savings, how much extra sticker price can be justified over a six-year life span if the carbon-fiber car would average 39 miles per gallon of gasoline compared to a conventional car averaging 30 miles per gallon? Assume that gasoline costs $4.00 per gallon, the interest rate is 20% per year, and 117,000 miles are driven uniformly over six years.A car was bought on an installment basis with a monthly installment of 30,000 for 60 months. If the rate is 12% compounded annually, calculate the cash price of the car. a.) 1,396,19 b.) 1,693,619 c.) 1,379,916 d.) 1,367,634 Show solution pleasr for 5 star ratingAn engineer who believes in “save now; play later” wants to retire in 30 years with $2.0 million. At 8% per year interest, the amount the engineer will have to invest each year (starting in year 1) to reach the $2 million goal is closest to: (a) $17,660 (b) $28,190 (c) $49,350 (d) $89,680