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

What is the design mix concrete, What is the Design Mix concrete Determ...

What is the Design Mix concrete Determination of  the proportions of  cement, aggregates and water to  achieve the required strengths in concrete is made by designing  the  con

What is meaning of maintenance period, Question If contractor is likely...

Question If contractor is likely for defective works for 12 years with pact under seal, then what is meaning of Maintenance Period? Answer Faulty works constitute a br

Leveling, cooke''s reversable level

cooke''s reversable level

Briefly explain the concept of wind-driven ventilation, Problem (a) Br...

Problem (a) Briefly explain the concept of wind-driven ventilation and outlines its benefits over mechanical/electrical means of ventilation. (b) Various factors and guidel

Raised check rails for obtuse crossing, Raised Check Rails for obtuse cross...

Raised Check Rails for obtuse crossing In order to provide guided path way in throat portion of 1 in 8 1/2 BG obtuse diamond crossing, the check rails are raised by welding of

Survey, chaining on level surface

chaining on level surface

Pumping at joints in concrete carriageway, Q. Pumping at joints in concrete...

Q. Pumping at joints in concrete carriageway? Pumping at joints in concrete carriageway takes place in the presence of the below factors: (i)  Fine-grained subgrade (ii)

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