What is the annual equivalent value of ageometrically

Reference no: EM13541217

1.What is the annual equivalent value of ageometrically increasing series of payments which has first-yearbase of $15,000 increasing by 10% per year for 10 years with aninterest rate of 7% compounded monthly?

2.A man can carry in a day 40 kg over adistance of 30 km.

Assume he has to reach a town 300km away, and that the 40 kg he carries includes both merchandiseand the food necessary for his sustenance during the trip at 2000Cal/day.

Compare his efficiency in that trip (in Cal/kg of merchandise carried) with that of a 35mile/gallon car carrying 250 kg of merchandise.

Which is more efficient?

Reference no: EM13541217

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