Questions from Engineering

Q: The compound interest rate per year that amounts of $1000 one

The compound interest rate per year that amounts of $1000 one year ago and $1345.60 one year hence are equivalent to is closest to: (a) 8.5% per year (b) 10.8% per year (c) 20.2% per year (d) None o...

Q: The simple interest rate per year that will accumulate the same amount

The simple interest rate per year that will accumulate the same amount of money in 2 years as a compound interest rate of 20% per year is closest to: (a) 20.5% (b) 21% (c) 22% (d ) 23%

Q: Identify at least five areas of personal finances in which engineering economic

Identify at least five areas of personal finances in which engineering economic analysis can be used by you in the future. Answer: Examples are: house purchase; car purchase, credit card (which one...

Q: In order to finance a new project costing $30 million,

In order to finance a new project costing $30 million, a company borrowed $21 million at 16% per year interest and used retained earnings valued at 12% per year for the remainder of the financing. The...

Q: A company that utilizes carbon fiber 3-D printing wants to

A company that utilizes carbon fiber 3-D printing wants to have money available 2 years from now to add new equipment. The company currently has $650,000 in a capital account and it plans to deposit $...

Q: You expect to contribute to an investment fund for your retirement over

You expect to contribute to an investment fund for your retirement over the next 30 years with an annual deposit of a yet-to-be determined amount. Assume your goal is to have $2 million available when...

Q: Apple Computer wants to have $2.1 billion available 5

Apple Computer wants to have $2.1 billion available 5 years from now in order to finance initial production of a device that applies IOT technology for home use. The company expects to set aside unifo...

Q: For the data in Problem 2.60, find the year

For the data in Problem 2.60, find the year that your retirement account first exceeds (a) $2 million, and (b) then $3 million. In setting up the spreadsheet you wish to know the amount that must be d...

Q: The SEWA (Southwestern Electricity and Water Authority) authorized construction projects

The SEWA (Southwestern Electricity and Water Authority) authorized construction projects totaling $1.07 million to improve desalinization plant efficiency and salinity-reduction technology for reject...

Q: For the cash flows shown, find the future worth in

For the cash flows shown, find the future worth in (a) year 5, and (b) year 4. Assume an i of 10% per year.