EBK CONTEMPORARY ENGINEERING ECONOMICS
EBK CONTEMPORARY ENGINEERING ECONOMICS
6th Edition
ISBN: 9780134123950
Author: Park
Publisher: PEARSON CUSTOM PUB.(CONSIGNMENT)
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Chapter 3, Problem 40P
To determine

Calculate the present value.

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What is the simple interest rate applied if an investment of P17,660 accumulates to P23,605 in the period of 6 years? Write your answer in two decimal places.
The simple interest on a sum of money for 5 years at 4.53 % per annum is P5,584. What will be the compound interest on the same sum at the same rate for the same period, compounded annually?Write your answer in two decimal places.
Today, you invest P100,000 into a fund that pays 25% interest compounded annually. Three years later you borrow P50,000 from a bank at 20% annual interest and invest the fund. Two years later, you withdraw enough money from the fund to repay the bank loan and all interest due on it. Three years from this withdrawal, you start taking P20,000 per year out of funds. After five withdrawals, you withdraw the balance in the fund. How much was withdrawn? Kindly provide a CLEAR and COMPLETE answer.
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