Q2. Deposits are to be made to an account as indicated in the table below which bears interest at the rate of 10% compounded annually. How much will there be in the account at the end of the sixth year? END OF YEAR DEPOSIT 1 2 500

Q2. Deposits are to be made to an account as indicated in the table below which bears interest at the rate of 10% compounded annually. How much will there be in the account at the end of the sixth year? END OF YEAR DEPOSIT 1 2 500

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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SUBJECT: ENGINEERING ECONOMICS

Show the complete solution. The final answer is shown below.

Q2. Deposits are to be made to an account as indicated in the table below which bears interest at the
rate of 10% compounded annually. How much will there be in the account at the end of the sixth year?
END OF YEAR
DEPOSIT
500
3
1000
4
1500
5
2000
Answer: F6 = 6,078.05Php

Application of economic techniques to the evaluation of design and engineering alternatives. The role of engineering economics is to assess the appropriateness of a given project, estimate its value, and justify it from an engineering standpoint.

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