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Civil EngineeringEngineering Fundamentals: An Introduction to Engineering (MindTap Course List)5th Edition
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What are interest–time factors, and how are they used in the analysis of engineering economics problems?

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Engineering Fundamentals: An Intro...

5th Edition
Saeed Moaveni
Publisher: Cengage Learning
ISBN: 9781305084766

Solutions

Chapter
Section
Problem 1BYG
Problem 2BYG
Problem 3BYG
BuyFindarrow_forward

Engineering Fundamentals: An Intro...

5th Edition
Saeed Moaveni
Publisher: Cengage Learning
ISBN: 9781305084766
Chapter 20.8, Problem 1BYG
Textbook Problem
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What are interest–time factors, and how are they used in the analysis of engineering economics problems?

To determine

Explain the interest-time factors and its uses in the analysis of engineering economics problems.

Explanation of Solution

The interest-time factor is the shortcut method used to avoid long writing formulas. The interest-time factor technique is used while solving various cash flow occurrences with equivalent values.

In engineering economics problems, these interest-time factors are used to shortcut the method for the calculation of long formulas. For example, the expression to calculate the uniform series payment for the given present value using the interest-time factor is,

(AP, i, n)=[(i)(1+i

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Chapter 20 Solutions

Engineering Fundamentals: An Introduction to Engineering (MindTap Course List)
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Ch. 20.4 - What do we mean by a cash flow diagram?Ch. 20.4 - What is a simple interest rate?Ch. 20.4 - What is a compounding interest rate?Ch. 20.4 - What do we mean by nominal and effective interest...Ch. 20.4 - What is a future worth of a present amount?Ch. 20.4 - VocabularyState the meaning of the following...Ch. 20.5 - What do we mean by a uniform series payment?Ch. 20.5 - What is the present worth of a uniform series...Ch. 20.5 - What is the future worth of a uniform series...Ch. 20.5 - VocabularyState the meaning of the following term:...
Ch. 20.8 - What are interesttime factors, and how are they...Ch. 20.8 - Based on engineering economics principles, explain...Ch. 20.8 - Give some examples of Excel financial functions.Ch. 20 - Compute the future value of the following deposits...Ch. 20 - Compute the interest earned on the deposits made...Ch. 20 - How much money do you need to deposit in a bank...Ch. 20 - How much money do you need to deposit in a bank...Ch. 20 - Determine the effective rate corresponding to the...Ch. 20 - Using Excel or a spreadsheet of your choice,...Ch. 20 - Using Excel or a spreadsheet of your choice,...Ch. 20 - Using Excel or a spreadsheet of your choice,...Ch. 20 - Using Excel or a spreadsheet of your choice,...Ch. 20 - Most of you have credit cards, so you already know...Ch. 20 - You have accepted a loan in the amount of 15,000...Ch. 20 - How much money will you have available to you...Ch. 20 - How long does it take to double a deposit of 1000...Ch. 20 - Imagine that as an engineering intern you have...Ch. 20 - What is the equivalent present worth of the cash...Ch. 20 - What is equivalent future worth of the cash flow...Ch. 20 - What is the equivalent annual worth of the cash...Ch. 20 - What are the equivalent present worth, annual...Ch. 20 - You are to consider the following projects. Which...Ch. 20 - In order to purchase a new car, imagine that you...Ch. 20 - Imagine the company that you work for borrows...Ch. 20 - You need to borrow 12,000 to buy a car, so you...Ch. 20 - What is the value of X if the given cash flow...Ch. 20 - Your future company has been presented with an...Ch. 20 - Your future company has purchased a machine and...Ch. 20 - Your car loan payment extends for six years at 8%...Ch. 20 - What are the equivalent annual worth and future...Ch. 20 - What are the equivalent present worth and annual...Ch. 20 - What are the equivalent present worth and future...Ch. 20 - The cash flow given in Problem 20.18 is to be...Ch. 20 - The cash flow given in Problem 20.15 is to be...Ch. 20 - The cash flow given in Problem 20.16 is to be...Ch. 20 - Solve Problem 20.1 using Excel.Ch. 20 - Solve Problem 20.3 using Excel.Ch. 20 - Solve Problem 20.4 using Excel.Ch. 20 - Solve Problem 20.5 using Excel.Ch. 20 - Solve Problem 20.11 using Excel.Ch. 20 - Solve Problem 20.15 using Excel.Ch. 20 - Solve Problem 20.16 using Excel.Ch. 20 - Solve Problem 20.17 using Excel.Ch. 20 - Solve Problem 20.18 using Excel.Ch. 20 - Solve Problem 20.19 using Excel.Ch. 20 - Solve Problem 20.21 using Excel.Ch. 20 - Solve Problem 20.22 using Excel.Ch. 20 - Solve Problem 20.23 using Excel. 20.23 What is the...Ch. 20 - Solve Problem 20.24 using Excel. 20.24 Your future...Ch. 20 - Solve Problem 20.25 using Excel. 20.25 Your future...Ch. 20 - Solve Problem 20.26 using Excel. 20.26 Your car...Ch. 20 - Solve Problem 20.31 using Excel. 20.31 The cash...Ch. 20 - Solve Problem 20.32 using Excel. 20.32 The cash...Ch. 20 - The U.S. Treasury Department issues savings bonds...Ch. 20 - The U.S. Bureau of Labor Statistics produces data...Ch. 20 - As we mentioned in this chapter, assets such as...

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