Calculate the deposited amount - construction management, Civil Engineering

Assignment Help:

An engineer deposits an "X" amount every 6 months for 3 years so that she'll have $10,000 at the end of this period. The interest rate is 5% per year which is rebalanced every 6-month.  The amount deposited is most nearly:

Solution:  Determine the components and apply the equation:

n = 6 deposits     i = 2.5% per 6-month period 

F = $10,000(A/F, 2.5%, 6) = 0.15655 A = $1,565.50


Related Discussions:- Calculate the deposited amount - construction management

Explain Fluid mechanics or properties - specific gravity, Fluid Mechanics o...

Fluid Mechanics or Properties - Specific Gravity Dimensionless ratio of a fluid's density to some standard reference density. For liquids and solids, the reference density is p

Explain the design criteria for sedimentation basin, Explain the Design Cri...

Explain the Design Criteria Sedimentation basin Surface Loading rate (or overflow rate), Vo = Q/A (flow rate/surface area) Detention time t or ? = V/Q (Volume /Flow rate)

#titlecivil war.., how can you know that the civil war real.

how can you know that the civil war real.

What do you understand by percolation of water, Q. What do you understand b...

Q. What do you understand by Percolation of water? Percolation of water into the ground or embankment takes place, causing rise in water table and / or saturation of the body.

State the maximum amount of resistance in a pole, State the maximum amount ...

State the maximum amount of resistance in a pole The maximum amount of resistance in a pole is generally required at the base and, so, the maximum cross sectional area is requi

State the loss of prestress, State the Loss of prestress Loss of prestr...

State the Loss of prestress Loss of prestress due to elastic shortening definitely occurs in pre-tensioned concrete members. But in post-tensioned members it does not occur if

Beams, how to convert uniformly varying loads to point loads

how to convert uniformly varying loads to point loads

Method of observation by satellite, Q. Method of observation by satellite? ...

Q. Method of observation by satellite? The difference between a photographs and imageries needs to be understood first. A photograph covers a specific area within its view and

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd