EBK BASICS OF ENGINEERING ECONOMY
2nd Edition
ISBN: 8220100255052
Author: Blank
Publisher: MCG
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Chapter 3, Problem 13P
To determine
Identify the time period.
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If an investor invests a sum of $1000 in a bank for 1 year with aninterest rate of 10% compounded annually, the accumulated amount at the endof year?
Calculate the effective annual interest rate for continuous compounding?
At certain interest rates, the interest factor for N = 50 may be used in place of the effective rate for continuous compounding.
a True
b False
Chapter 3 Solutions
EBK BASICS OF ENGINEERING ECONOMY
Ch. 3 - Prob. 1PCh. 3 - Prob. 2PCh. 3 - Prob. 3PCh. 3 - Prob. 4PCh. 3 - Prob. 5PCh. 3 - Convert an interest rate of 1.5% per month into a...Ch. 3 - Prob. 7PCh. 3 - Prob. 8PCh. 3 - Prob. 9PCh. 3 - Prob. 10P
Ch. 3 - Prob. 11PCh. 3 - Prob. 12PCh. 3 - Prob. 13PCh. 3 - Prob. 14PCh. 3 - Prob. 15PCh. 3 - Prob. 16PCh. 3 - Prob. 17PCh. 3 - Prob. 18PCh. 3 - Prob. 19PCh. 3 - Prob. 20PCh. 3 - Prob. 21PCh. 3 - Prob. 22PCh. 3 - Prob. 23PCh. 3 - Prob. 24PCh. 3 - Prob. 25PCh. 3 - Prob. 26PCh. 3 - Prob. 27PCh. 3 - Prob. 28PCh. 3 - Prob. 29PCh. 3 - Prob. 30PCh. 3 - Prob. 31PCh. 3 - Prob. 32PCh. 3 - Prob. 33PCh. 3 - Prob. 34PCh. 3 - Prob. 35PCh. 3 - Prob. 36PCh. 3 - Prob. 37PCh. 3 - Prob. 38PCh. 3 - Prob. 39PCh. 3 - Prob. 40PCh. 3 - Prob. 41PCh. 3 - Prob. 42PCh. 3 - Erbitux is a colorectal cancer treatment drug that...Ch. 3 - Prob. 44PCh. 3 - Prob. 45PCh. 3 - Prob. 46PCh. 3 - Prob. 47PCh. 3 - Prob. 48PCh. 3 - Prob. 49PCh. 3 - Prob. 50PCh. 3 - Prob. 51PCh. 3 - Prob. 52PCh. 3 - Prob. 53PCh. 3 - Prob. 54PCh. 3 - Prob. 55PCh. 3 - Prob. 56PCh. 3 - Prob. 57PCh. 3 - Prob. 58PCh. 3 - The initial cost of a pulverized coal cyclone...Ch. 3 - Prob. 60PCh. 3 - Prob. 61PCh. 3 - Prob. 62PCh. 3 - Prob. 63PCh. 3 - Prob. 64PCh. 3 - Prob. 65PCh. 3 - Prob. 66PCh. 3 - Prob. 67PCh. 3 - Prob. 68APQCh. 3 - Prob. 69APQCh. 3 - Prob. 70APQCh. 3 - Prob. 71APQCh. 3 - Prob. 72APQCh. 3 - Prob. 73APQCh. 3 - Prob. 74APQCh. 3 - Prob. 75APQCh. 3 - Prob. 76APQ
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- How many years will it take for an investment to double, if the interest rate is 8% per year, compounded annually?arrow_forwardContinuous compounding is done when the duration between compounding periods become infinitely __________. a large b smallarrow_forwardwhat is the total compounding period for 6 years 9 months converted quarterly?arrow_forward
- Determine the number of times interest is compounded in a year for the following interest statements: (a) 1% per quarter; (b) 2% per month; and (c) 8% per year, compounded every 2 months.arrow_forwardthe desired accumulated amount is $70,000 after 14 years invested in an account with 2% interest compounded annuallyarrow_forwardA LOAN OF P30,000.00 WAS TO BE PAID IN 10 EQUAL SEMI -ANNUAL PAYMENTS. THE FIRST PAYMENT IS TO BE MADE 6 MONTHS AFTER THE LOAN WAS FINALIZED. AFTER THE 6th PAYMENT, THE DEBTOR HAS MONEY TO PAY AND SETTLE THE REMAINING DEBT IN A SINGLE PAYMENT ON THAT DATE. FIND THE AMOUNT OF SINGLE PAYMENT TO BE MADE AT 12% COMPOUNDED SEMI-ANNUALLY.arrow_forward
- The price for a building was $ 125,000. How many months will it take to pay for the building if $ 25,000 is paid in advance and then $ 1,000 each month? Consider the compound interest rate of 9% per month. (seneler means years)arrow_forwardWhat interest will be owed on your bank on a loan of P25,500 at the end of 3 years, 7months and 20 days using 13% simple interest per year?arrow_forwardAn amortization of a debt is in a form of a gradient series of ₱5,000 on the first year, ₱4,500 on the second year, ₱4,000 on the third year, ₱3,500 on the fourth year. Determine the future and present amounts of amortization if interest is 5%.arrow_forward
- The average growth rate for a certain stock over the last 50 years is reported to be 12% compounded annually. If your grandfather had invested $600 in the stock 50 years ago, what would his investment be worth today?arrow_forwardFind the effective bimonthly interest rate equivalent to: (a) nominal annual interest of 9%, compounded 6 times per year; (b) nominal annual discount of 6%, compounded quarterly; (c) 1/2 nominal annual interest of 8%, compounded continuously.arrow_forwardA student deposits ₱1,000 in a savings account that pays interest at the rate of 6% per year compounded annually. If all the money is allowed to accumulate, how much money will the student have after 12 years?arrow_forward
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