Fundamentals Of Construction Estimating
Fundamentals Of Construction Estimating
4th Edition
ISBN: 9781337399395
Author: Pratt, David J.
Publisher: Cengage,
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How much money you need to put aside for the next five years to have $2000 for the down payment on your car when you graduate. Now consider the situation where you make your deposits every month, and the interest rate is 6.5% compounding monthly.
What is the nominal interest rate if the interest rate of 25% is compounded continuously?
Show complete solution with cash flow diagram.The annual income from a rented house is $12.000. The annual expenses are $3000. If the house can be sold for $145,000 at the end of 10 years, how much could you afford to pay for it now, if you considered 18% to be a suitable interest rate?
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