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

Zero energy building , this is our final year project .please help me to gu...

this is our final year project .please help me to guide about it

Break even point, Break even point: EM Electricals, Inc., contains fix...

Break even point: EM Electricals, Inc., contains fixed costs of Rs. 600,000 this period. Variable costs involved labour charges of Rs.100 per unit and material cost of Rs. 200

Main advantages of using rubber dams, Question In assortment of dams in...

Question In assortment of dams in drainage channels, what are the main advantages of using rubber dams instead of steel-gate dams ? Answer Key Advantages of rubber d

Highway Materials, How to identify bitumen & tar just looking at those two ...

How to identify bitumen & tar just looking at those two binders.

Auto cad drawing , im looking for someone to do drawing in autocad 3D 2013 ...

im looking for someone to do drawing in autocad 3D 2013 with report

Harbour layout, Harbour Layout: A harbour has the following constitue...

Harbour Layout: A harbour has the following constituent parts: (a)        An entrance channel, 100-300 m wide (b)       A turning basin, dia 400-600 m (c)        A b

Survey, underground installations

underground installations

Remedial measures for problems in turbid water - reflection, Remedial measu...

Remedial measures for Problems in Turbid Water - Reflection? The problem of reflection can be minimised by carefully placing the flash away from the axis of the camera and at a

Determine the required area of steel, A rectangular concrete beam is subjec...

A rectangular concrete beam is subjected to a factored moment (Mu) of 345 kip*ft.  The beam has the following properties: f'c = 5500 psi fy = 60,000 psi h = 39 in

STRUCTURAL MECHANICS, Define and explain Mohr’s theorem for finding slope a...

Define and explain Mohr’s theorem for finding slope and deflection.

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