2. 3.49 A wise mechanical engineering graduate began saving money for early retirement by depositing $1500 per

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2. 3.49 A wise mechanical engineering graduate began saving money for early retirement by depositing $1500 per month into a fixed rate account that pays 6% per year compounded semiannually. If she started saving 1 month after she started working, what is the expected value of the account at the end of 20 years?

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Basics Of Engineering Economy

ISBN: 9781259683312

3rd Edition

Authors: Leland T. Blank, Anthony Tarquin

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