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

How the bursting tensile forces produced, How the Bursting Tensile Forces p...

How the Bursting Tensile Forces produced These are tensile forces produced due to concentrated longitudinally applied prestressing forces in the end zone of a post-tensioned co

Casing has to be left in for mini-piles, Question What are thought in d...

Question What are thought in determining whether casings have to be left in for mini-piles ? Answer Contrary to most of pile design, design of min-piles is controlled

Determine the northing and easting coordinates, The northing and easting co...

The northing and easting coordinates for point C is most nearly:    Solution: Section the triangle and calculate using Pythagorean Theorem and the Law of Sine's or us

What are advantages and disadvantage of varnishing, Q. What are advantages ...

Q. What are advantages and disadvantage of varnishing? Varnish is a clear pale solution of a resinous substance ( like amber, common resin, copal, lac, or shellac 0 dissolved i

Surveying, describe two fundamentals purposes of surveying.

describe two fundamentals purposes of surveying.

Explain working of ultrasonic system for concrete elements, Explain the wor...

Explain the working of Ultrasonic System for Concrete Elements? Ultrasonic methods can be used underwater for overall assessment of the strength of concrete based on sound velo

Unloaded propped, Ask questa) In an unloaded propped cantilever, the proppe...

Ask questa) In an unloaded propped cantilever, the propped end sinks vertically relative to the fixed end by an amount ? due to poor construction of the foundation of the prop. Wha

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