9. 3.27 A friend tells you she invested $10,000 in a cousins Harley- Davidson dealership in a...

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9. 3.27 A friend tells you she invested $10,000 in a cousin’s Harley-

Davidson dealership in a Wyoming resort district that promises a return of 20% per year compounded continuously.

(a) If the return is realized as promised, how much will her investment be worth 10 years from now?

(b) Solve this problem using either the EXP or EFFECT function on a spreadsheet.

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Basics Of Engineering Economy

ISBN: 9781259683312

3rd Edition

Authors: Leland T. Blank, Anthony Tarquin

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