EBK BASICS OF ENGINEERING ECONOMY
2nd Edition
ISBN: 8220100255052
Author: Blank
Publisher: MCG
expand_more
expand_more
format_list_bulleted
Question
Chapter 3, Problem 74APQ
To determine
Calculate the annual worth.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
The LMNT Company deposited P100 000 in a bank account on May 15 and withdrew a total of P115 000 exactly one year later. Compute: (a) the interest which the LMNT Company received from the P100 000 investment, and (b) the annual interest rate which the LMNT Company was paid.
The will of a wealthy philanthropist left 5M to establish a perpetual charitable foundation. The foundation trustees decided to spend 1.2M to provide facilities immediately and to provide 100,000.00 of capital replacement at the end of each 5-year period. If the invested funds earned 12% per annum, what would be the year-end amount available in perpetuity from the endowment for charitable purpose
A company will deposit R$800 at the end of each semester, for 2 years, in a financial institution that pays interest of 24% p.a. capitalized semiannually. What will be the accumulated amount?
The amount will be R$?
R$ is BRL (monetary unit of Brazil)
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
Knowledge Booster
Similar questions
- 2. The Future Worth Method What are the PW and FW of a 20-year geometric cash-flow progression increasing at 2% per year if the first year amount is $1,020 and the interest rate is 10% per year?arrow_forwardIdentify the following net cash flow series as conventional or nonconventional. Sign on Net Cash Flow by Year Year 0 1 2 3 4 5 (a) − − − − − + (b) − − − + + − (c) + + + + − − (d) + − + − + − (e) − − + + + +arrow_forwardThe annual cash flows (in $1000 units) for Browning Brothers Glass Works are summarized. (a) Determine the total net cash flow over the 5 years. (b) Calculate the percentage of revenues represented by expenses for each year. Year 1 2 3 4 5 Revenue, $ 521 685 650 804 929 Expenses, $ 610 623 599 815 789arrow_forward
- A sum of money “x” pesos will be received six years from now. At 5% annual interest the present worth now of “x” is P60, 000. At the same rate of interest, what would be the value of “x” 10 years from now? a.P97, 733.68 b.P87, 733.68 c.P97, 783.68 d.P97, 763.68arrow_forwardA loan of P50T whose interest is 15% compounded semiannually, is to be discharged by a series of 10 semiannual payments, the 1st payment to be made 6 months after consummation of the loan. The 1st 6 payments will be P5T each, while the remaining 4 payments will be equal & of such amount that the final payment will liquidate the loan. What is the PV of the 1st 6 payments?arrow_forwardA company has issued 10-year bonds, with face value of 1,000,000 in 1,000 units. Interest at 16% is aid quarterly. If an investor desires to earn 20% nominal interest on 100,000 worth of these bonds, what would the selling rice have to be?arrow_forward
- Valley Rendering, Inc. is considering purchasing a new flotation system for grease recovery. The company can finance a $150,000 system at 5% per year compound interest or 5.5% per year simple interest. If the total amount owed is due in a single payment at the end of 3 years, (a) which interest rate should the company select, and (b) how much is the difference in interest between the two schemes?arrow_forwardA recent engineering graduate makes a donation of $20,000 now and will pay $375 per month for 10 years to endow a scholarship. If interest is a nominal 9%, what annual amount can be awarded? Assume that the first scholarship will be bestowed at the end of the first year.arrow_forwardWhen you were born, your grandfather established a trust fund for you in the Cayman Islands. The account has been earning interest at the rate of 10% per year. If this account will be worth $100,000 on your 25th birthday, how much did your grandfather deposit on the day you were born? (a) $4,000 (b) $9,230 (c) $10,000 (d) $10,150 (e) $10,740.arrow_forward
- Mrs. Cruz who is just 30 years old is planning for her retired life. She plans to invest an equal sum of P 7000 at the end of every year for the next 30 years starting from the end of next year. The bank gives 11% interest rate, compounded annually. Find the value of his account when he is 60 years old. a. P 60, 856.55 b. P 578,907.45 c. P 90, 896.67 d. P 1, 393,146.15arrow_forwardengineering economy (multiple choice) 2.) What is the accumulated value of a payment of P12,500.00 at the end of each year for 9 years with interest at 5% compounded annually? a.) P187,833.50 b.) P178,338.50 c.) P138,738.05 d.) P137,832.05arrow_forward2. A warehouse is initially rented for Php. 100, 000.00 a year. If the 10-year lease contract indicates that the rent increases by Php. 10,000.00 each year, determine the present worth of the lease. Money is worth 8% compounded monthly.arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Principles of Economics (12th Edition)EconomicsISBN:9780134078779Author:Karl E. Case, Ray C. Fair, Sharon E. OsterPublisher:PEARSONEngineering Economy (17th Edition)EconomicsISBN:9780134870069Author:William G. Sullivan, Elin M. Wicks, C. Patrick KoellingPublisher:PEARSON
- Principles of Economics (MindTap Course List)EconomicsISBN:9781305585126Author:N. Gregory MankiwPublisher:Cengage LearningManagerial Economics: A Problem Solving ApproachEconomicsISBN:9781337106665Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike ShorPublisher:Cengage LearningManagerial Economics & Business Strategy (Mcgraw-...EconomicsISBN:9781259290619Author:Michael Baye, Jeff PrincePublisher:McGraw-Hill Education
Principles of Economics (12th Edition)
Economics
ISBN:9780134078779
Author:Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:PEARSON
Engineering Economy (17th Edition)
Economics
ISBN:9780134870069
Author:William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:PEARSON
Principles of Economics (MindTap Course List)
Economics
ISBN:9781305585126
Author:N. Gregory Mankiw
Publisher:Cengage Learning
Managerial Economics: A Problem Solving Approach
Economics
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-...
Economics
ISBN:9781259290619
Author:Michael Baye, Jeff Prince
Publisher:McGraw-Hill Education