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 43P
To determine
Calculate the future worth.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
In an effort to save money for early retirement, an environmental engineering colleague plans to deposit $1,300 per month, starting one month from now, into a fixed rate account that pays 8% per year compounded semi-annually. How much will be in the account at the end of 23 years?
At the end of 23 years, the account will be $
How many years are required for P1,000.00 to increase to P2,000 if invested at 9% per year compounded semi-annually?
If you borrow money from your friend with simple interest of 12%, find the present worth of P20, 000, which is due at the end of ten months.
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 savings account earns interest at the rate of 6% per year, compounded continuously. How much money must initially be placed in the account to provide for twenty end-of-year withdrawals, if the first withdrawal is P1000 and each subsequent withdrawal increases by P200?arrow_forwardAn entrepreneurial electrical engineer has approached a large utility with a proposal that promises to reduce the utility’s power bill by at least 15% per year for the next 5 years through installation of patented surge protectors. The proposal states that the engineer will get $20,000 now and annual payments that are equivalent to 75% of the power savings achieved from the devices. Assuming the savings are the same every year at 15% and that the utility’s power bill is $1 million per year, what would be the equivalent uniform amount for years 1 to 5 of the payments to the engineer at an interest rate of 6% per year?arrow_forwardDeferred Annuity Elmo is thinking of establishing a fund for his daughter’s college education. He wants his daughter to be able to withdraw P60,000 from the fund on her 18th birthday, again on her 19th birthday, again on her 20th birthday, up to her 23rd birthday. If the fund earns interest at 12% per year, compounded annually, how much should Elmo deposit at the end of each year, from the time his daughter reaches 5 years old up to her 17th birthday? Find the value after 20 years in pesos of an annuity of P120,000 payable annually for 8 years, with the first payment at the end of 2 years if money is worth 5%.arrow_forward
- The future worth in year 10 of income associated with a fixed-income investment is guaranteed to be $500,000. If the cash flow in year 1 is $20,000, how much would the arithmetic gradient have to be at the interest rate of 10% per year?arrow_forwardAn asphalt road requires no repair for three years but starting on the 3rd year P94,745 will be needed for repairs and the same amount at the end of each succeeding year for the next 5 years, then P10.254 at the end of each month for the next 2 years. If money is worth 15.254% compounded annually, how much is the total present cost of the repair?arrow_forwardHow much must you deposit each year into your retirement account starting now and continuing through year 9 if you want to be able to withdraw $80,000 per year forever, beginning 29 years from now? Assume the account earns interest at 10% per year.arrow_forward
- Determine the size of your investment account 30 years from now (when you plan to retire) if you deposit $12,000 each year, beginning 1 year from now, and the account earns interest at a rate of 10% per yeararrow_forwardNRG Energy plans to construct a giant solar plant in Santa Teresa, NM to supply electricity to 30,000 southern NM and western TX homes. The plant will have 390,000 heliostats to concentrate sunlight onto 32 water towers to generate steam. NRG will spend $560 million in constructing the plant and $430,000 per year in operating it. If a salvage value of 20% of the initial cost is assumed, how much will the company have to make each year for 15 years in order to recover its investment at a MARR of 18% per year?arrow_forwardDetermine the size of your investment account 28 years from now (when you plan to retire) if you deposit $13,000 each year, beginning 1 year from now, and the account earns interest at a rate of 7% per year. What is the size of the investment account?arrow_forward
- Calculate the present worth of 10 uniform payments of $8000 that begin 1 year from now at an interest rate of 10% per year.arrow_forwardNippon Steel's expenses for heating and cooling a large manufacturing facility are expected to increase according to an arithmetic gradient beginning in year 2 . If the cost is$550,000this year (year 0 ) and will be$550,000again in year 1 , but then it is estimated to increase by$42,000each year through year 12 , what is the equivalent annual worth in years 1 to 12 of these energy costs at an interest rate of11%per year? The equivalent annual worth is determined to be$arrow_forwardsum of P15,000.00 is invested now and left for ten years, at which time the principal is withdrawn. The interest has accrued is left for another eight years. If the effective annual interest rate is 5%, what will be the withdrawal amount at the end of the 18th year?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:PEARSON
Engineering 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 Learning
Managerial Economics: A Problem Solving ApproachEconomicsISBN:9781337106665Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike ShorPublisher:Cengage Learning
Managerial 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