ENGINEERING ECONOMY W/CONNECT(LL)
8th Edition
ISBN: 9781307168761
Author: Blank
Publisher: MCG/CREATE
expand_more
expand_more
format_list_bulleted
Question
Chapter 2, Problem 40P
To determine
Calculate the first deposit.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
A company that manufactures purgable hydrogen sulfide monitors is planning to make deposits such that each one is 5% smaller than the preceding one. What must be the deposit at the end of year 1 if the deposits will extend through year 10 and the fourth deposit is $1250? Use an interest rate of 10% per year.
A manufacturer of industrial grade gas handling equipment wants to have $500,000 in an equipment replacement contingency fund 10 years from now. If the company plans to deposit a uniform amount of money each year beginning now and continuing through year 10 (total of 11 deposits), what must be the size of each deposit? Assume the account grows at a rate of 10% per year.
For the cash flows shown in the diagram, determine the future worth in year 8 at an interest rate of 10% per year.
Chapter 2 Solutions
ENGINEERING ECONOMY W/CONNECT(LL)
Ch. 2 - Prob. 1PCh. 2 - Prob. 2PCh. 2 - Prob. 3PCh. 2 - How much money should a bank be willing to loan a...Ch. 2 - Prob. 5PCh. 2 - Prob. 6PCh. 2 - Prob. 7PCh. 2 - Prob. 8PCh. 2 - Prob. 9PCh. 2 - How much could BTU Oil & Gas Fracking afford to...
Ch. 2 - Prob. 11PCh. 2 - Prob. 12PCh. 2 - Labco Scientific sells high-purity chemicals to...Ch. 2 - Labco Scientific sells high-purity chemicals to...Ch. 2 - Prob. 15PCh. 2 - Prob. 16PCh. 2 - Prob. 17PCh. 2 - Prob. 18PCh. 2 - Prob. 19PCh. 2 - Prob. 20PCh. 2 - Prob. 21PCh. 2 - Prob. 22PCh. 2 - Prob. 23PCh. 2 - Prob. 24PCh. 2 - Prob. 25PCh. 2 - Prob. 26PCh. 2 - Prob. 27PCh. 2 - Prob. 28PCh. 2 - Prob. 29PCh. 2 - Prob. 30PCh. 2 - NMTeX Oil owns several gas wells in Carlsbad, NM....Ch. 2 - Prob. 32PCh. 2 - Prob. 33PCh. 2 - Prob. 34PCh. 2 - Prob. 35PCh. 2 - Prob. 36PCh. 2 - Prob. 37PCh. 2 - Prob. 38PCh. 2 - Prob. 39PCh. 2 - Prob. 40PCh. 2 - Prob. 41PCh. 2 - Prob. 42PCh. 2 - Prob. 43PCh. 2 - Prob. 44PCh. 2 - Prob. 45PCh. 2 - Prob. 46PCh. 2 - Prob. 47PCh. 2 - Prob. 48PCh. 2 - Prob. 49PCh. 2 - Prob. 50PCh. 2 - Prob. 51PCh. 2 - Prob. 52PCh. 2 - Prob. 53PCh. 2 - Prob. 54PCh. 2 - Prob. 55PCh. 2 - Prob. 56PCh. 2 - Prob. 57PCh. 2 - Prob. 58PCh. 2 - Prob. 59PCh. 2 - Prob. 60PCh. 2 - Prob. 61ESCh. 2 - Prob. 62ESCh. 2 - Prob. 63ESCh. 2 - Prob. 64ESCh. 2 - Prob. 65ESCh. 2 - Prob. 66APQCh. 2 - Prob. 67APQCh. 2 - Prob. 68APQCh. 2 - Prob. 69APQCh. 2 - Prob. 70APQCh. 2 - Prob. 71APQCh. 2 - Prob. 72APQCh. 2 - Prob. 73APQCh. 2 - Prob. 74APQCh. 2 - Prob. 75APQCh. 2 - Prob. 76APQCh. 2 - Prob. 77APQCh. 2 - Prob. 78APQCh. 2 - Prob. 79APQCh. 2 - Prob. 80APQCh. 2 - Prob. 1CSCh. 2 - Prob. 2CSCh. 2 - Prob. 3CSCh. 2 - Prob. 4CSCh. 2 - Prob. 5CS
Knowledge Booster
Similar questions
- A maker of micromechanical systems can reduce product recalls by 10% with the installation of new packaging equipment. If the cost of the new equipment is expected to be $40,000 four years from now, how much could the company afford to spend now (instead of 4 years from now) at a minimum attractive rate of return of 12% per year?arrow_forwardMaintenance costs for a certain machine are expected to be $3000 in year one, $3,300 in year 2, and amounts increasing by 10% each year. At an interest rate of 15% per year, the present worth of the costs for 20 years is nearest to:arrow_forwardIn an effort to save money for early retirement, an environmental engineering colleague plans to deposit $1200 per month, starting 1 month from now, into a fixed rate account that pays 8% per year, compounded semiannually. How much will be in the account at the end of 25 years?arrow_forward
- For the cash flow revenues shown below, find the value of G that makes the equivalent annual worth in years 1 through 7 equal to $500. The interest rate is 9% per year.arrow_forwardFor the cash flows below, determine the amount in year 1, if the annual worth in years 1 through 9 is 601.17 pesos and the interest rate is 12% per yeararrow_forwardWhen Algen was still a student, he expects to save ₱5000 in year 1, ₱6000 in year 2, and amounts increasing by ₱1000 each year through year 20. If his investments earn 10% per year, the amount he will have at the end of year 20arrow_forward
- The future worth in year 10 of a geometric gradient series of cash flows was found to be $80,000. If the interest rate was 15% per year and the annual rate of increase was 9% per year, what was the cash flow amount in year 1?arrow_forwardAn arithmetic cash flow gradient series equals $850 in year 1, $950 in year 2, and amounts increasing by $100 per year through year 12. At i = 13% per year, determine the present worth of the cash flow series in year 0.arrow_forwardHow much money (in $, roundoff to 2 decimal places) would be available in year 10 if $8000 is deposited each year in years 3 through 10 at an interest rate of 10% per year?arrow_forward
- Find the present worth of $400 in year 1 and amounts increasing by $30 per year through year 5 at an interest rate of 12% per year.arrow_forwardA low-cost non-contact temperature measuring tool may be able to identify railroad car wheels that are in need of repair long before a costly structural failure occurs. If the BNSF railroad saves $100,000 in year 1, $110,000 in year 2, and amounts increasing by $10,000 each year for five years, what is the future worth of the savings in year 5 at an interest rate of 10% per year?arrow_forwardCentrum Water & Gas provides standby power to pumping stations using diesel-powered generators. An alternative is the use of natural gas to power the generators, but it will be a few years before the gas is available at remote sites. Centrum estimates that by switching to gas, it will save $15,000 per year, starting 3 years from now through the end of year 20. At an interest rate of 8% per year, determine the present worth of the projected savings.arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Principles of Economics (12th Edition)EconomicsISBN:9780134078779Author:Karl E. Case, Ray C. Fair, Sharon E. OsterPublisher:PEARSONEngineering Economy (17th Edition)EconomicsISBN:9780134870069Author:William G. Sullivan, Elin M. Wicks, C. Patrick KoellingPublisher:PEARSON
- Principles of Economics (MindTap Course List)EconomicsISBN:9781305585126Author:N. Gregory MankiwPublisher:Cengage LearningManagerial Economics: A Problem Solving ApproachEconomicsISBN:9781337106665Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike ShorPublisher:Cengage LearningManagerial Economics & Business Strategy (Mcgraw-...EconomicsISBN:9781259290619Author:Michael Baye, Jeff PrincePublisher:McGraw-Hill Education
Principles of Economics (12th Edition)
Economics
ISBN:9780134078779
Author:Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:PEARSON
Engineering Economy (17th Edition)
Economics
ISBN:9780134870069
Author:William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:PEARSON
Principles of Economics (MindTap Course List)
Economics
ISBN:9781305585126
Author:N. Gregory Mankiw
Publisher:Cengage Learning
Managerial Economics: A Problem Solving Approach
Economics
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-...
Economics
ISBN:9781259290619
Author:Michael Baye, Jeff Prince
Publisher:McGraw-Hill Education