Interested to Buy Any Domain ? << Click Here >> for more details...
In engineering economy, the future value of first year is FV = PV (1 i). For second year it is FV = PV (1 i) (1 i). For third year it is FV = PV (1 i) (1 i)(1 i) where FV = future value, PV = present value, i = interest rate per period, n = the number of compounding periods. By induction, what is the future value of $1000 for 5 years at the interest rate of 6%?
- 1 Answers
- 2991 Views
- I also Faced
- E-Mail Answers
Answer Posted / kang chuen tat (malaysia - pen
Answer 15 : By induction, the future value for 5 year = FV = PV (1 + i) (1 + i) (1 + i) (1 + i)(1 + i) = $1000 (1.06) (1.06) (1.06) (1.06)(1.06) = $1338.2256. The answer is given by Kang Chuen Tat; PO Box 6263, Dandenong, Victoria VIC 3175, Australia; SMS +61405421706; chuentat@hotmail.com; http://kangchuentat.wordpress.com.
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
Why should chemical equation be balanced?
Explain how can you separate hydrogen peroxide into hydrogen and oxygen?
Hello i am a chemical engineer presently looking for a job i am applying many jobs in naukri and in all job portals but i am not getting any call or interview so kindly some one help me in this regard soundar
What compounds are responsible for the odors that come from wastewater treatment plants?
What is a good device to use for obtaining viscosity data for a non-newtonian fluid?
Explain what are the design considerations for a piping system for the transfer of slurries?
How can you quickly estimate the horsepower of a pump?
What is a barometric condenser?
How 'saltation velocity' is used in designing pneumatic conveying systems?
What are some good uses of low-grade steam at 12 atm and 1920c?
I am pg student of chemical engg. I am intrested Heat Transfer Subject . I want information about advance heat transfer related PG PROJECT
How can you control the ph level in our cooling water with respect to ammonia contamination?
How can arsenic be removed from aqueous waste streams?
Name some common problems associated with dense phase pneumatic conveying?
Where the Induced draft, forced draft & balanced draft furnace are to be used? Selection of furnaces are based on which criteria?
