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

Pumping at joints in concrete carriageway, Q. Pumping at joints in concrete...

Q. Pumping at joints in concrete carriageway? Pumping at joints in concrete carriageway takes place in the presence of the below factors: (i)  Fine-grained subgrade (ii)

Roads, how to calculate number of passes while compaction

how to calculate number of passes while compaction

Determine the total lateral pressure on the wall, A masonry retaining wall ...

A masonry retaining wall is 1.5 m wide at the top, 3.5 m wide at the base and 6 m high. It is trapezoidal in section and has a vertical face on the earth side. The backfill is leve

Mechanics of solids, if we take brass & steel and on applying temperature t...

if we take brass & steel and on applying temperature the brass contracts the steel expands how it is possible

Hydraulic design problems, This assignment is a Hydraulic Design assignment...

This assignment is a Hydraulic Design assignment for Civil Engineering Major in USA. Please try if there is someone professional who can do this work because it''s too sensitive. f

Surveying, Use of optical square in chain surveying?

Use of optical square in chain surveying?

Show the probable type of clay mineral, The liquid limit and plastic limit ...

The liquid limit and plastic limit of clay are 100% and 25%, respectively. From a hydrometer analysis it has been found that the clay soil having of 50% of particles smaller than 0

Find out the joint distribution, Find out the joint distribution: Let ...

Find out the joint distribution: Let X I and X 2 be two independent random variables each distributed uniformly in the interval [ 0, a ], where a > 0 is a constant. Find out

Integration of the strain settlement, All soils subjected to stress undergo...

All soils subjected to stress undergo strain. This will be taking place within the soil skeleton. This strain is caused by rolling, slipping, sliding and crushing at the particle c

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