Contemporary Engineering Economics Plus MyLab Engineering with eText -- Access Card Package (6th Edition)
6th Edition
ISBN: 9780134162690
Author: Chan S. Park
Publisher: PEARSON
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Question
Chapter 3, Problem 53P
To determine
Calculate the annual worth.
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Chapter 3 Solutions
Contemporary Engineering Economics Plus MyLab Engineering with eText -- Access Card Package (6th Edition)
Ch. 3 - Prob. 1PCh. 3 - Prob. 2PCh. 3 - Prob. 3PCh. 3 - Prob. 4PCh. 3 - Prob. 5PCh. 3 - Prob. 6PCh. 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 - Prob. 43PCh. 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 - Prob. 59PCh. 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. 68PCh. 3 - Prob. 69PCh. 3 - Prob. 70PCh. 3 - Prob. 71PCh. 3 - Prob. 72PCh. 3 - Prob. 1STCh. 3 - Prob. 2STCh. 3 - Prob. 3ST
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- You consider paying equal amounts of money into a bank account at regular intervals for 10 years. As a result of your research, you find out the following payment plans:a. To pay $500 at the end of each month for a period of 10 years with an interest rate 12% compounded monthly.b. To deposit $1500 at the end of every three months with an interest rate of 12% compounded continuously for 10 years.c. To deposit $1000 at the end of every two months with an interest rate 12% compounded quarterly for 10 years.For each of these payment plans, calculate the amount of money that will be accumulated in your account at the end of the 10th year (including the last payment). Which alternative would be more advantageous for you?arrow_forwardMoney borrowed today is to be paid in 6 equal payments at the end of 6 quarters. If the interest is 12% compounded quarterly. How much was initially borrowed if quarterly payment is P200,000.arrow_forwardWhat is the equivalent of a current deposit of $32,000.15 years from now at 8.5% interest compounded annually? $101,510 $108,792 $98,008 $105,443arrow_forward
- It is desired to have P100,000 two years from now by depositing P20,000 now and 10 uniform monthly amounts, the first of which to be made one year from now. What would that monthly amount be if interest rate is 12% pa compounded monthly? a. P 6,921.21 b. P6,990.42 c. P 9,277.10 d. P7,060.33arrow_forwardDetermine the principal that would have to be invested to provide P200 of simple interest income at the end of two years if the annual interest rate is 9%arrow_forwardYou are buying a home for $500,000. If you make a down payment of $80,000and take out a mortgage on the rest at 10% compounded monthly, what will be your monthly payment if the mortgage is to be paid off in 12 years?arrow_forward
- You borrowed $22,000 to buy a new car from a bank at an interest rate of 9% compounded monthly. This loan will be repaid in 60 equal monthly installments over five years. Immediately after the 24th payment, you desire to pay the remainder of the loan in a single payment. Compute this lump-sum amount.arrow_forwardThe two cash flow transactions shown in the accompanying cash flow diagram are said to be equivalent at 8% interest compounded annually. Find the unknown X value that satisfies the equivalence.arrow_forwardDetermine the current amount of money that must be invested at 12% nominal interest, compounded monthly, to provide an annuity of $10,000 (per year) for six years, starting 12 years fromnow. The interest rate remains constant over this entire period of time.arrow_forward
- How much money will you at present time if you deposit P6,640 each for the next 8 years in a savings account that earns 6% compounded quarterly? Please give correct answer.arrow_forwardSuppose that the parents of a young child decide to make annual deposits into a savings account, with first deposit being made on the child’s fifth birthday and the last deposit on the fifteenth birthday. Then starting on the child’s eighteenth birthday up to his 22nd birthday, withdrawals of P100,000 ever years are to be made. If the interest rate is 8% compounded continuously, what are the annual deposits in years five through fifteen?arrow_forwardFind the present worth of a future payment of P214,000 to be made in 11 years with an interest of 5% compounded annually.arrow_forward
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