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

Major bridge and important bridge, Major bridge - Major bridge is one of wh...

Major bridge - Major bridge is one of which has a total linear waterway of 18 m or more for multiple span and total linear water way of 12 m or more for single span. Important b

Types of surveys and investigations, Types of Surveys and Investigations: ...

Types of Surveys and Investigations: For preparing a good road project, the following surveys and investigations are needed: (a)        Traffic Surveys (b)       Topogr

Urban transport systems, Urban Transport Systems: Urban Transport P...

Urban Transport Systems: Urban Transport Problem Rapid urbanisation is taking place in India. The current urban population proportion of 28 per cent may reach 40 per

survey, what is fore bearing and back bearin

what is fore bearing and back bearing

Laplace transform, Using Laplace transfom, the following differential equat...

Using Laplace transfom, the following differential equation d y dy dt reduces to the algebraic equation of the form Resolve y(s) into partial fractions

Float or slack of an activity is positive or negetive, 1. What take place w...

1. What take place when float or slack of an activity is positive Ans: It represents a situation where extra resources are available and the completion of the project is not de

Plane table surveing, in plane table surveying which activity is done first...

in plane table surveying which activity is done first whether centering or levelling?

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