Q.2 A house is purchased for $150,000 in 2002 The value of the fouseis given by the exponential growth model A=150000eet Findwhen the house would be worth $200,000.

Answered: Image /qna-images/answer/3a8af63b-113e-4837-995d-645bca34a007.jpg

Answered: Q.2 A house is purchased for $150,000…

Q.2 A house is purchased for $150,000 in 2002 The value of the touse is given by the exponential growth model A 150000eases Find when the house would be worth $200,000.

Engineering Fundamentals: An Introduction to Engineering (MindTap Course List)

5th Edition

ISBN:9781305084766

Author:Saeed Moaveni

Publisher:Saeed Moaveni

Chapter20: Engineering Economics

Section: Chapter Questions

Problem 46P

See similar textbooks

Related questions

Q: Assume that you and your best friend each have $1000 to invest. You invest your money in a fund that…

A: Given data: Po is the principal (starting amount)=$1000 Compound interest =10% per year. Simple…

Q: A debt of P700, 000 with interest at 9% compounded annually is to be amortized by 12 uniform annual…

Q: Find the compound interest at the end of the 10 years for 5000 at 8% compounded quarterly

Q: If an investor invests her money in a project with a 10% annual return. What is her nominal rate of…

A: Nominal rate of interest is the amount of money generated from an investment before taxes, inflation…

Q: Calculate the amount of interest earned between 5 and 10 years after the date of an investment of…

Q: A manufacturer sells each of his TV sets for $85. The cost C(in dollars) of manufacturing and…

A: ASKED: To determine the number of TV sets to be manufactured per week to maximize the profit.…

Q: Akamane wishes his son to receive P 500,00 ten years from now. What amount should he invest now if…

Q: 3. Consider the investment project with the net cash flows as shown in the following table. Caculate…

A: FOr rate of returnPVBenifits=PVcostsPVcost=12,000PVbenifits=2,0001+i1+5,0001+i2+X1+i3+X1+i4

Q: If sales are 43,453, 44,251 and 38,501 for 2018, 2019 and 2020, what would you forecast for 2021…

A: Given:- 2018 sale 43 ,453 2019 sale 44,251 and 2020 sale 38,501 weight=0.82 To find:- forecast for…

Q: 1. What annuity is required over 15 years to equate with a future amount of P 300,000? Use i= 6%…

A: Given data- Future Payment amount (S) = P300,000 Time (n)=15years i=6% annually To find- Annuity…

Q: 16. Lia plans to buy a house for Php 158482. She wants to make a down payment of Php 23912 and to…

Q: Fixed Expenses do not change in total when there is a modest change in sales. (True or False)

Q: Determine the present worth of a geometric gradient series of Contract B at an interest rate of 8%…

Q: Accumulate P5,000 for 10 years at 8% compounded quarterly. *

Q: 2. When compounded quarterly P12,000 becomes P 20,415.23 after 4 yrs. What is the nominal rate of…

A: step 1-

Q: Q3): Income from an operation has been decreasing uniformly for 5 years. If income in year 1 was…

Q: Quèstion 38 Find the amount at the end of 4 years and 9 months if P3,000 is imvested at 979%…

A: We have to determine the amount at the end of 4 year 9 month if invested 3000 with 97% compounded…

Q: 4. A man invested PhP 250,000.00 in two business ventures. Last year he made a profit of 15% from…

Q: lucy heartfilia by a television set for a merchant who offers p25,000 at the end of 60 days she…

A: Given:- The final price of the television at the end of 60 days = p25,000 The simple interest on the…

Q: 1. Suppose an engineer is considering a purchase of equipment that is expected to be obsolete in…

Q: A man deposited P5,000 in a bank at a rate of 10% per annum for 8months and 25days. Find the…

A: The deposited amount is P=5000. The rate of interest is is R=10%. The time is T=8 months and 8 days.…

Q: Determine the capitalized cost of an equipment costing P 2M with an annual maintenance of P 200k if…

Q: An asset is purchased for P 20,000. Its estimated life is 10 years after which will be sold for P…

Q: "It is estimated that a certain piece of equipment can save $23115 per year in labor and materials…

Q: A cutting-edge product of Continental Fan had the following net cash flow series during its first…

A: The cutting edge product of continental fan has following net cash flow; Year Net cash flow 0…

Q: According to the Descartes' rule, the number of positive i* value for the following cash flow is:…

Q: A young engineer is considering to built a 1 unit apartment near a commercial center. Because of the…

A: In above apartment costs are Land = 1,00,00,000 Building cost= 1,40,00,000 Useful life 20yrs…

Q: 2. Attach a complete solution. Draw the cash flow diagram. Suppose that P 4500 is deposited each…

Q: A young man has decided to go into business at age 40. He wishes to accumulate P2, 000, 000 at that…

A: We have to asked a amount will increase the deposit by 10% per year until 14 yr the funds invested…

Q: A construction Equipment has a useful life of 6 years after which it has to be replaced by a new…

A: Sinking Fund Factor(SFF)=i(1+i)n-1Given Data:i=6%=0.06n=6 years

Q: 2. Construct a cash flow diagram that represents the amount of money that will be accumulated in 15…

Q: An asset is purchased for P 9,000.00. Its estimated economic life is 10 years after which it will be…

Q: 2. At a certain interest rate compounded semiannually. PS000 will amount ta P20000 after 10 years…

A: Given data- Case-1PrincipalP=P5000AmountA=P20000Timen=10 yearsCase-2Timen=15 years

Q: How much should be invested to have 7000 pesos after 190 days when invested at 9% simple interest?…

A: Given, Future Amount, A = 7000 pesos Time, T = 190/365 = 0.520548 years Rate, R = 9% Let 'P' be the…

Q: QUESTION 1 Sales of a particular product for the years 2017 through 2020 have been 47,150, 52,477,…

A: Given data: Taking actual 2017 sales of 47150 as the forecast for 2018.

Q: Find the accumulated amount of P5000 at the rate of 2% compounded continuously after 6 years.

Q: If money is worth 5% compounded quarterly, find the equated time for paying a loan of P 150,000 due…

Q: 3. A doctor invested his money at 12 % per annum, net of taxes , compounded semi - annually after…

A: step 1-

Q: The cash flows and initial investment for two different projects are given below Calculate the…

A: Given data,

Q: 5. In five years P18,000 will be bedded to pay for a building renovation. In order to generate this…

Q: 2- Find Profit for the project, which its cash flow is shown below 95 x 10° U 700,000 U 500,000 U i…

Q: Determine the expected amount of time (in years) between loss occurrences in excess of $1 billion.

Q: 1. An investment of ₱ 8250.50 increases by ₱ 10,200.50, if invested at 7% compounded quarterly. Find…

A: Given data:A=P10200.50P=P8250.50r=7%=0.07

Q: 30. The excess between the selling price and total variable costs is known as?

A: Factual definition based question is asked please refer step 2 for detailed explanation and…

Q: If a nine-month term deposit at a bank has a simple interest rate of 9% per annum, how much will…

Q: An amortization of a debt is in a form of a gradient series of P5,000 on the first years, P4,500 on…

A: Given Debt series 5000,4500,4000,3500 for fisrt second third fourth year. Interest =5% Calculate…

Q: If 12500 is invested at 6% from Jan 1, year 1, how much money accumulated until Jan. 1, year 그0?

Q: A rectangular lot with dimension 32m by 20m was being sold with a value of 2500 pesos for every…

Question

Q.2 A house is purchased for $150,000 in 2002 The value of the fouse
is given by the exponential growth model A=150000eet Find
when the house would be worth $200,000.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps with 1 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, civil-engineering and related others by exploring similar questions and additional content below.

Similar questions

9 Determine the present worth of the following cash flows based on an interest rate of 6.01% per year, compounded annually. Round off to two decimal places. End of Year 0 = Php 5963 End of Year 1 = Php 5852 End of Year 2 = Php 5859 End of Year 3 = Php 5712 End of Year 4 = Php 5362 End of Year 5 = Php 5127
16. Lia plans to buy a house for Php 158482. She wants to make a down payment of Php 23912 and to take out a 25-year mortgage for the remaining amount. If money is compounded monthly at 6.65%, how much must she pay each month? Round off to two decimal places.
An asset originally costs P500,000 depreciates in value each year by 10% of its value at the beginning of that year. A. Find its book value when it is 6 years old?
A contractor bought a concrete mixer at ? 120,000 if paid in cash. The mixer may also be purchased by installment to be paid within 5 years. If money is worth 8% compounded annually, what is the amount of each annual payments made at the end of each year if paid in installment up to the end of 5 years?
A house costs P500,000 cash. A purchaser will pay P100,000 cash, P50,000 at the end of 2 years and a sequence of 6 equal annual payments starting with one at the end of 4 years to discharge all his liabilities at 7% compounded annually. Find the annual payment which may be made for 6 years.
A man wants to make 14\% nominal interest compounded semiannually on a bond investment. How much should the man be willing to pay now for a 12\% P10,000-bond that will mature in 10 years and pays interest semiannually? D. 8,509 C. 8,950 B. 8,590 A. 8,905 *in written solution please with regards to the choices
A man wishes to have 40,000 Php in a certain fund at the end of 8 years. How much shouldhe invest in fund that will pay 6% compounded continuously.
1. An investment of ₱ 8250.50 increases by ₱ 10,200.50, if invested at 7% compounded quarterly. Find the term of the investments in years. A. 46.4 years B. 25.1 years C. 11.6 years D. 2.9 years
An investment of P8,500 is made at the end of each year with an interest of 3.5% compounded annually. How long (in years) will it take for the investment to amount to P124,117?
A man invested PhP 250,000.00 in two business ventures. Last year he made a profit of 15% from the first venture but lost 5% from the second venture. If last year’s income from the two investments was equivalent to a return of 8% on the entire amount invested, how much did he invest in eachventure?
Determine the present worth of the following cash flows based on an interest rate of 6.18% per year, compunded annually. End of Year 0 = Php 5724 End of Year 1 = Php 5972 End of Year 2 = Php 5203 End of Year 3 = Php 5767 End of Year 4 = Php 5492 End of Year 5 = Php 5787
A businessman purchases a common stock worth P1,000 every year for a period of 10 years. At the of the end 10th year just after his last purchase, he sold all his stock to a prospective buyer for P12,000. Find the rate of return he received on the investment.