Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

each of the following engineering economic problems, circle the most appropriato answer to each problem. This part is worth 40 pts. 1. A principal sum

image text in transcribed
each of the following engineering economic problems, circle the most appropriato answer to each problem. This part is worth 40 pts. 1. A principal sum p is invested at a nominal interest rate r, compounded m times a year, for n years. The accumulated amount at the end of this period will be (a) P(1+r/m) (b) P(1+r/m) (c) 'P(1+r/m)/ (d) P(1+r/m)/ (e) None of these 2. In the formula P = F(1+i), the factor (1+i) is called the (a) Sinking fund factor (b) Single payment present worth factor (c) Single payment compound amount factor (d) Capital recovery factor Uniform series present worth factor 3. A fund established to produce a desired amount at the end of a given period by means of a series of payments throughout the period is called a sinking fund, and it is represented by the formula (a) A = F[1/(1+i)" -1] (b) A = F[(1+1)"/1] (c) A = P(1+i)- (d) A = P[{(1+i)" - 1}/i(1+i)"] (e) A = F[1/(1+1)")

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Finance questions