ENGINEERING FUNDAMENTALS
ENGINEERING FUNDAMENTALS
6th Edition
ISBN: 9781337705011
Author: MOAVENI
Publisher: CENGAGE L
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Chapter 20, Problem 9P
To determine

Generate the Excel or a spreadsheet to create interest-time factor table for normal interest rate (i) 8.5% compounding monthly.

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Using Excel or a spreadsheet of your choice, create interest–time factor tables, similar to Table 20.9 , for i = 8 5% and i = 9 5%.
solve this given problem using EXCEL with 7 decimal places
At the birth of a girl, what amount should her mother invest in order to provide the daughter with ₱25,000 at the age of 21 years if the money earns 4 and 3/8 % compounded quarterly?a. ₱ 685.23 b. ₱ 10,025.32 c. ₱ 2,801.57 d. ₱ 8,250.50
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