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fundamentals engineering economics

Questions and Answers of Fundamentals Engineering Economics

What is the amount of 10 equal annual deposits that can provide five annual withdrawals, when a first withdrawal of $3,000 is made at the end of year 11 and subsequent withdrawals increase at the
Suppose that an oil well is expected to produce 100,000 barrels of oil during its first production year. However, its subsequent production (yield) is expected to decrease by 10% over the previous
Matt Christopher is a 25‐year‐old mechanical engineer, and his salary next year will be $60,000. Matt expects that his salary will increase at a steady rate of 5% per year until his retirement at
Consider the cash flow series given in the accompanying table. What value of C makes the deposit series equivalent to the withdrawal series at an interest rate of 9% compounded annually? 5C 4C 3C 20
The maintenance expense on a machine is expected to be $3,000 during the first year and to increase $600 each year for the following eight years. What present sum of money should be set aside now to
What is the equal‐payment series for 10 years that is equivalent to a payment series starting with $30,000 at the end of the first year and decreasing by $3,000 each year over 10 years? Interest is
Compute the value of P for the accompanying cash flow diagram. Assume i = 8% per year. $350 $300 $250 $200 $150 $100 1 2 3 4 5 6 7 8 9 9 10 11 Years
Five annual deposits in the amounts of $5,000, $4,500, $4,000, $3,500, and $3,000 are made into a fund that pays interest at a rate of 10% compounded annually. Determine the amount in the fund
Kim deposits her annual bonus into a savings account that pays 8% interest compounded annually. The size of her bonus increases by $2,000 each year, and the initial bonus amount is $5,000. Determine
At an interest rate of 10%, what is the present value of an asset that produces $1,000 a year in perpetuity?
An investment costs $3,460 and pays $250 in perpetuity. What is the interest earned on this investment?
A company is considering replacing an old piece of industrial equipment to reduce operating and maintenance cost. A new equipment is quoted at $195,000. After 10 years, the machine would have no
If you borrow $5,000 and agree to repay the loan in five equal annual payments at an interest rate of 11%, what will the annual payment be? What if you make the first payment on the loan at the end
If $500 is deposited in a savings account at the beginning of each year for 15 years and the account earns 7% interest compounded annually, what will be the balance on the account the end of the 15
From the interest tables in Appendix B, determine the value of the following factors by interpolation, and compare the results with those obtained from evaluating the A/P and P/A interest
What is the present worth of each of the following given series of payments?(a) $9,000 at the end of each year for eight years at 6% compounded annually.(b) $1,500 at the end of each year for 10
You have borrowed $20,000 at an interest rate of 10% compounded annually. Equal payments will be made over a three‐year period with each payment made at the end of the corresponding year. What is
What equal‐annual‐payment series is required in order to repay each of the following given present amounts?(a) $18,000 in five years at 8% interest compounded annually.(b) $4,200 in four years at
You open a bank account, making a deposit of $500 now and deposits of $1,000 every other year. What is the total balance at the end of 10 years from now if your deposits earn 4% interest compounded
A no‐load (commission‐free) mutual fund has grown at a rate of 9% compounded annually since its beginning. If it is anticipated that it will continue to grow at this rate, how much must be
Part of the income that a machine generates is put into a sinking fund to pay for its replacement when it wears out. If $3,000 is deposited every year at 6% interest compounded annually, how many
You want to save the down payment required to purchase a vacation home at the end of five years. If the required down payment is $25,000 and you can earn 5% a year on your savings account, how much
Your company wants to set aside a fixed amount every year to a sinking fund to replace a piece of industrial equipment costing $250,000 at the end of five years from now. The sinking fund is expected
What equal annual series of payments must be paid into a sinking fund in order to accumulate each of the following given amounts?(a) $18,000 in 13 years at 5% compounded annually.(b) $11,000 in eight
What is the future worth of each given series of payments?(a) $6,000 at the end of each year for six years at 6% compounded annually.(b) $8,000 at the end of each year for nine years at 7.25%
What is the future worth of a series of equal yearly deposits of $5,000 for 7 years in a savings account that earns 5% annual compound interest if(a) All deposits are made at the end of each
You are planning to contribute $5,000 a year to a mutual fund that earns an average of 6% per year. If you continue to contribute for the next 10 years, how much would you have in your account?
The accompanying diagram shows the anticipated cash dividends for Delta Electronics over the next four years. John is interested in buying some shares of this stock for a total of $100 and will hold
You are preparing to buy a vacation home five years from now. The home will cost $80,000 at that time. You plan on saving three deposits at an interest rate of 8%:Deposit 1: Deposit $10,000
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
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
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
If $2,000 is invested now, $3,000 two years from now, and $4,000 four years from now at an interest rate of 8% compounded annually, what will be the total amount in 10 years?
In 1626 the Indians sold Manhattan Island to Peter Minuit of the Dutch West Company for $24. If they saved just $1 from the proceeds in a bank account that paid an 8% annual interest, how much would
You bought 100 shares of GE stock at $2,330 on December 31, 2011. Your intention is to keep the stock until it doubles in value. If you expect 8% annual growth for GE stock, how many years do you
Which of the following alternatives would you choose, assuming an interest rate of 10% compounded annually?Alternative 1: Receive $100 today.Alternative 2: Receive $120 two years from now.Alternative
If you desire to withdraw the given amounts over the next five years from a savings account that earns 5% interest compounded annually, how much do you need to deposit now?N
A project is expected to generate a cash flow of $2,000 in year 1, $800 in year 2, and $1,000 in year 3. At an interest rate of 10%, what is the maximum amount that you could invest in the project at
John and Susan just opened savings accounts at two different banks. Each deposited $1,000. John’s bank pays simple interest at an annual rate of 10%, whereas Susan’s bank pays compound interest
You are interested in buying a piece of real estate property that could be worth $450,000 in five years. If your earning interest rate is 5%, how much would you be willing to pay for this property
If you want to withdraw $10,000 at the end of two years and $35,000 at the end of four years, how much should you deposit now into an account that pays 9% interest compounded annually? See the
How many years will it take to double your investment of $2,000 if it has an interest rate of 6% compounded annually?
How many years will it take an investment to triple if the interest rate is 7% compounded annually?
Assuming an interest rate of 8% compounded annually, answer the following questions:(a) How much money can be loaned now if $8,000 is to be repaid at the end of five years?(b) How much money will be
State the present worth of the following future payments:(a) $5,500 six years from now at 10% compounded annually.(b) $7,000 three years from now at 9% compounded annually.(c) $22,000 five years from
You are considering investing $1,000 at an interest rate of 6.5% compounded annually for five years or investing the $1,000 at 6.8% per year simple interest for five years. Which option is better?
Bank A pays 6% simple interest on its savings account balances. Bank B pays 5.5% interest compounded annually. If you made a $10,000 deposit in each bank, which bank provides you more money at the
Compare the interest earned on $15,000 for 25 years at 7% simple interest with the amount of interest earned if interest were compounded annually.
You deposit $3,000 in a savings account that earns 8% simple interest per year. How many years will it take to double your balance? If, instead, you deposit the $3,000 in another savings account that
Read the Wall Street Journal over a one‐week period and identify the business investment news using one of the categories—(1) new products or product expansion, (2) equipment and process
State the amount accumulated by each of the following present investments:(a) $6,000 in 8 years at 6% compounded annually.(b) $1,550 in 12 years at 5% compounded annually.(c) $8,000 in 32 years at 9%
If the interest rate is 10.5%, what is the two‐year discount rate?
If the interest rate is 9%, what is the present value of $500 paid in year 5?
Today you deposited $1,000 in a savings account paying 5% annual interest. How much should you have at the end of three years?
Suppose that, to cover some of your college expenses, you are obtaining a personal loan from your uncle in the amount of $25,000 (now) to be repaid in two years. If your uncle could earn 8% interest
Suppose you have the alternative of receiving either $5,000 at the end of five years or P dollars today. Currently, you have no need for the money, so you could deposit the P dollars into a bank
You are about to borrow $10,000 from a bank at an interest rate of 9% compounded annually. You are required to make five equal annual repayments in the amount of $2,570.92 per year, with the first
What is the amount of interest earned on $2,000 for five years at 6% simple interest per year?
You are considering purchasing a machine that is expected to produce the following cash flows: $60,000 in year 1, $77,000 in year 2, $65,000 in year 3, $57,000 in year 4, and $45,000 in year 5. If

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