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Engg 100: Engineering Economics Homework #8 Due November 9, 2017 1. A twenty year old student decided to set aside $100 on his 21st birthday

Engg 100: Engineering Economics Homework #8 Due November 9, 2017 1. A twenty year old student decided to set aside $100 on his 21st birthday for investment. Each subsequent year through his 55th birthday, he plans to increase the sum for investment on a $100 arithmetic gradient. He will not set aside additional money after his 55th birthday. If he can achieve a 12% rate of return on his investment, how much will he have accrued on his 65th birthday

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