Q2: Being a senior citizen you decide to invest $200,000 say for period 24 months, then describe what is the value you would expect to receive? Deposit rate (recurring deposit) available for various periods is given below

Q2: Being a senior citizen you decide to invest $200,000 say for period 24 months, then describe what is the value you would expect to receive? Deposit rate (recurring deposit) available for various periods is given below

Fundamentals Of Construction Estimating

4th Edition

ISBN:9781337399395

Author:Pratt, David J.

Publisher:Pratt, David J.

Chapter9: Pricing Construction Equipment

Section: Chapter Questions

Problem 5RQ

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Question

Q2: Being a senior citizen you decide to invest $200,000 say for period 24 months, then describe what is the value you would expect to receive? Deposit rate (recurring deposit) available for various periods is given below.

Recurring Deposit (RD)
Senior
Tenure
Citizen (i%)
6 months
3.50%
12 months
7.75%
18 months
7.75%
24 months
7.90%

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