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 51P
To determine

Calculate the present worth.

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Suppose you make an annual contribution of P8,117 each year to a college fund for a niece. He is 5 years now, and you will start next year and make the last deposit when he is 21. The fund is a money market account earning 6.56% per year. What will it be worth immediately after the last deposit? Write your answer in two decimal places.
What will be the future worth of money after 27 months if a sum of P96,425 is invested today at a simple interest rate of 10% per year? Write your final 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.
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