Engineering Economy, Other Engineering

Assignment Help:
I need the answers of these three problems.
1. How much money would be in a savings count that started with a deposit of $2,000 in year 1 with each succeeding amount increasing by 10% per year? Use an interest rate of 15% per year and a 7-year period.

2. You are a college student making yearly payment for your loan starting from now. For the first three years, you pay $2,500 a year. Year 4 to 6, your parents help you with the payment so you pay $1,500 per year, and finally year 7 you pay $2,500. Determine the value in year 8 that is equivalent to the cash flow stated above. Use an interest rate of 12%.

3. Calculate the present worth in year 0 of the following series of disbursements. Assume that i= 10% per year.
Year Disbursements, $ Disbursements, $
0 0 6 5,000
1 3,500 7 5,000
2 3,500 8 5,000
3 3,500 9 5,000
4 5,000 10 5,000
5 5,000


Related Discussions:- Engineering Economy

Determine the log mean temperature, A tubular heat exchanger is being used ...

A tubular heat exchanger is being used for heating a liquid food from 30 o C to 70 o C. The temperature of the heating medium decreases from 90 o to 60 o C. a) Is the flow conf

Engine drains, ENGINE DRAINS. There are two types of drains: • Con...

ENGINE DRAINS. There are two types of drains: • Controlled drains - the result of normal operation. • Uncontrolled drains - the result of abnormal operation. CONTROLLE

Asymmetric effect - propeller, Asymmetric Effect In general the axis o...

Asymmetric Effect In general the axis of the propeller will be inclined upwards to the direction of flight due to the angle of attack of the aircraft.   This causes the dow

Forgin exchange, The following exchange rates are available to you. (You ca...

The following exchange rates are available to you. (You can buy or sell at the stated rates.) Mt. Fuji Bank ¥85.00/$ Mt. Rushmore Bank SF1.356/$ Mt. Blanc Bank ¥64.74/SF Assume t

Civil engineering structures, I need help for my project report plz. > Prec...

I need help for my project report plz. > Precast concrete panels manufactured in factory environments and rapidly cured using steam are being used for the walls of shallow foundati

Naked short selling, are retail investors or traders permitted to naked sho...

are retail investors or traders permitted to naked short a stock? who is permitted to naked short a stock assuming there has been no suspension of this practice and following the f

What is the difference between journal entry & ledger?, What is the differe...

What is the difference between JOURNAL ENTRY & LEDGER?  Journal is a journal of unique entrance. It is a journal where all the dealings of organization have been registered rela

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