Question: 4 i) A Licensed Professional Engineer (PE) makes a single invested of $100,000 in an interest bearing account that pays 6 % interest per year,
4 i) A Licensed Professional Engineer (PE) makes a single invested of $100,000 in an interest bearing account that pays 6 % interest per year, i. e. compounded annually. What is value of this investment after 30 years ? (Draw the cash flow diagram)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
