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

Probable distribution function, The diameter of an electric cable, say X, i...

The diameter of an electric cable, say X, is assumed to be continous random variable with pdf;f(x)=6x(1-x), 0 b}.

Forces reactions at that point, Mad/Sir What would be the Horizontal and ve...

Mad/Sir What would be the Horizontal and vertical component from this acting force see diagram

Calculation of crack widths arising from thermal movement, Q. Calculation o...

Q. Calculation of crack widths arising from thermal movement In the calculation of thermal movement, the below formula is used in most codes: w max =s x a x (T 1 +T 2 )/2

Define the working of ground penetrating radar, Define the Working of Groun...

Define the Working of Ground Penetrating Radar? Ground penetrating radars (GPR) and low frequency sound are also used in scour survey. These are good in shallow water but not v

Explain critical factor in design of shock transmission unit, Explain Criti...

Explain Critical factor in Design of shock transmission unit? (a) STUs are unidirectional devices for load transmission. If out of plane forces will be acting on the STU, the a

Structural analysis & design, This is an optional team assignment. This gra...

This is an optional team assignment. This grade will replace your lowest two homework grades. You may work in teams of 3-4 students. Design the lightest concrete cantilever beam

Soil testing, what is black cotton soil in dry condition

what is black cotton soil in dry condition

Strength of Materials , Need to know about compressive strength test and te...

Need to know about compressive strength test and tensile strength test of cement

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