You deposit $2,000 today, $3,000 one year from now, and $5,000 three years from now. How much

Question:

You deposit $2,000 today, $3,000 one year from now, and $5,000 three years from now. How much money will you have at the end of year 3 if there are different annual compound??interest rates per period, according to the accompanying diagram?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Fundamentals of Engineering Economics

ISBN: 978-0132775427

3rd edition

Authors: Chan S. Park

See More Books

Question Posted: Nov 12, 2018 10:23 AM

See More Questions

You have just won the lottery. You will receive $ 2,500,000 today, and then receive 40 payments of $ 1,250,000. These payments will start one year from now and will be paid every six months. A...
You have just won the lottery. You will receive $4,000,000 today, and then receive 40 payments of $1,000,000. These payments will start one year from now and will be paid every six months. A...
21st Century Educational Products (21st Century) is a rapidly growing software company; and consistent with its growth, it has a relatively large capital budget. While most of the companys projects...
Suppose a country's productivity last year was 84. If this country's productivity growth rate of 5 percent is to be maintained, this means that this year's productivity will have to be: A. 88.2. B....
A young woman on a skateboard is pulled by a rope attached to a bicycle. The velocity of the skateboarder is v(vector) = (4.1 m/s) x and the force exerted on her by the rope is F(vector) = (17 N) x +...
For each of these ions, draw the important resonance forms and predict which resonance form is likely to be the major contributor. (a) (b) (c) CH2 CH CH2 HN
Define outsourcing and offshoring. Compare and contrast the two as HR administrative tools. Give examples of the decision factors to consider when choosing one over the other.
Olympic Sports has two issues of debt outstanding. One is a 9% coupon bond with a face value of $20 million, a maturity of 10 years, and a yield to maturity of 10%. The coupons are paid annually. The...
A clothing retailer is interested in the average waist size of men. A sample is taken with the results given below. Column1 Mean 41.74 What is the sample statistic? Ex 1.230 Standard Error 1.406...
Camp and Fevurly Financial Planners have forecasted revenues for the first six months of 2015, as shown in the following table. The firm collects 60% of its sales immediately, 39% one month after the...
How much invested now at an interest rate of 9% compounded annually would be just sufficient to provide three payments as follows: the first payment in the amount of $3,000 occurring two years from...
A company borrowed $180,000 at an interest rate of 9% compounded annually over six years. The loan will be repaid in installments at the end of each year according to the accompanying repayment...
The objectives of a computer system is to: (a) Give instructions to workers and transform part programs to machine language (b) Control material handling system, schedule production, monitor safety...
The State Company currently has 11% coupon paying annual bonds of $1,000 face value outstanding in the market with 10 years of maturity with the yield to maturity being 11.21%. They also have common...
XYZ Ltd operates a chain of vegetarian restaurants for healthy eating. Its services have been in great demand in recent years and its profits have soared. XYZ Ltd has just paid an annual dividend of...
You purchase 100 shares of IBM at $100. The stock pays an annual dividend of $4.00. In three years, the stock is trading at $140.00. (this is not a margin problem) a) What is your annualized time...
Wally West, a 23-year-old college graduate, wishes to retire at age 65. To supplement other sources of retirement income, he can deposit $8,000 each year into a self-managed superannuation fund,...
Calculate Jensen's alpha using the following information for an asset: Asset Return: 1 2 % Risk - Free Rate: 3 % Beta: 1 . 2 Market Return: 1 0 % B . Explain the difference between active return...
What happens in Prob. 2 if you replace y(2) = 1 with y(2) = k? Data from prob 2. Does the initial value problem (x - 2)y' = y, y(2) = 1 have a solution? Does your result contradict our present...
If the annual fixed costs are 54,000 dinars, the occupation expense represents 20%, the contribution margin is 25%, and the unit selling price is 40 dinars. Required: Calculate the closing point of...
A loan of $15,000 is to be financed to assist in buying an automobile. On the basis of monthly compounding for 42 months, the end-of-the-month equal payment is quoted as $409.61. What nominal...
What is the present worth of the following series of payments? (a) $3,000 at the end of each six-month period for 10 years at 6% compounded semiannually. (b) $4,000 at the end of each quarter for 12...
College Financial Sources, which makes small loans to college students, offers to lend $500. The borrower is required to pay $40 at the end of each week for 16 weeks. Find the interest rate per week....
Write a method (pseudocode) to reverse the queue using another empty queue. You may only use queue operations such as enqueue(), dequeue(), and size(). No other data structure can be used other than...
Solve the recurrence relation an = 7an-18an-2-9.2", with initial conditions ao = 5, a = 10. Show all your work.
Write an assembly language program that asks the user to enter an integer dollar amount between 1 and 3,000. Your program should display the corresponding class description using the following table....

You deposit $2,000 today, $3,000 one year from now, and $5,000 three years from now. How much

Question:

F = ? 5% 10% 15% 1 2 $2,000 $3,000 $5,000 Years 3.

Step by Step Answer:

Method 1 F 20001051111...View the full answer

Fundamentals of Engineering Economics

Students also viewed these Business questions