ENGINEERING ECONOMY - EXAMPLE 7.1 : 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
- 1755 Views
- I also Faced
- E-Mail Answers
Answer Posted / kangchuentat
ENGINEERING ECONOMY - ANSWER 7.1 : 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
Explain the use of gear pumps in motor?
Explain how can one estimate how the friction factor changes in heat exchanger tubes with a change in temperature?
Why are decomposition reactions called the opposite of combination reactions?
Explain what are the disadvantages of using gear pumps?
What is fuel requirement of 20kg/hr of incineration having material calorific value 6500 kcal/kg and diesel calorific value 10707 Kcal/Kg (PCC=850 degC and SCC 1050 Deg c)
Explain the largest application for surfactants?
What is the use of gear pumps in motor?
Under what circumstances are vortex flowmeters the most accurate?
Why should a magnesium ribbon be cleaned before burning in air?
X is a solid having a white colour at room temperature. It has a density about 2g/cc. Although it has melting point near 325 degree Celsius, its properties start degrading above 260 degree Celsius. The coefficient of friction is very low about 0.1. It has very good dielectric properties especially at higher radio frequencies. It has a very high bulk resistivity. It is chemically inert. It is also resistant to van der Waals force. It is hydrophobic as well as lipophobic. Creep or ‘Cold Flow’ has been observed in X.
Which type of pneumatic control valve is used mostly Either Air to Open r Air to close the value And guys I need reason for your reason
Explain why is a vacuum breaker used on shell and tube heat exchangers that are utilizing steam as the heating utility?
How much water is lost through a commercial cooling tower system with a throughput of about 600 gpm?
Define viscosity?
What are some characteristics of bulk solids that can affect their ability to flow properly?
