Calculate the amount put into saving account, Civil Engineering

Assignment Help:

Calculate the Amount put into Saving Account

If you want to have $60,000 in 10 years, the amount that should be put into a 6.0% (effective annual rate) savings account now is most nearly:

Solution: This problem could also be stated:  What is the equivalent present worth of $60,000 ten years from now if monthly money is worth 6% per year?

P = F (P/F, I, n) = $60,000(P/F, 6%, 10) = $60,000 * 0.5584 = $33,503.69

1018_Calculate the Amount put into Saving Account.png


Related Discussions:- Calculate the amount put into saving account

Estimation of design flood discharge, Q. Estimation of design flood dischar...

Q. Estimation of design flood discharge? These methods are also in vogue for estimating maximum discharge. Discharge estimated using the above three methods may be compared wit

Measurement of surface runoff and infiltration, Surface runoff travelling o...

Surface runoff travelling over ground surface to reach receiving water involves the following events: i) Rainfall intensity exceeds soil's infiltration rate; ii) Excess water

Cocrete, preparation and uses of concrete

preparation and uses of concrete

Determine the equivalent of free float, The free float is equal to: a. L...

The free float is equal to: a. Latest allowable event occurrence time + Early finish time b. Earliest event occurrence time + early finish time c. Latest allowable event o

What to do to improve the reliability of the test results, Explain clearly ...

Explain clearly with a neat sketch how you will verify the coefficient of permeability of a clay sample in the laboratory and derive the expression used to compute the permeability

Length is constructed in first phase of construction, In construction of a ...

In construction of a two-span bridge (span length = L) by using span-by-span construction, why is the length of about 1.25L bridge segment is constructed in first phase of construc

Engineering mechanics, Characteristics of couple #Minimum 150 words accepte...

Characteristics of couple #Minimum 150 words accepted#

Doors, what is door and window sizes

what is door and window sizes

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