Semiannual deposits, beginning with $500 and increasing by $100 with each subsequent deposit, are made into a fund paying a nominal 10 percent per year compounded continuously. a. What will the fund amount to after 7 years? b. What is the present worth equivalent of the total set of deposits? c. What is the equal semiannual equivalent amount of the deposits?

Semiannual deposits, beginning with $500 and increasing by $100 with each subsequent deposit, are made into a fund paying a nominal 10 percent per year compounded continuously. a. What will the fund amount to after 7 years? b. What is the present worth equivalent of the total set of deposits? c. What is the equal semiannual equivalent amount of the deposits?

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 5P

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Please find attached the Chap 2-Problem 177 in Principles of Engineering Economic Analysis, White, 6e

Semiannual deposits, beginning with $500 and increasing by $100 with each subsequent deposit, are made into a
fund paying a nominal 10 percent per year compounded continuously.
a. What will the fund amount to after 7 years?
b. What is the present worth equivalent of the total set of deposits?
c.
What is the equal semiannual equivalent amount of the deposits?

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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