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Q2. Subject: - Engineering Economy - i) If a continuous investment of $5,600 per year for 29 years leads to the accumulation of $500,000 at
Q2. Subject: - Engineering Economy - i) If a continuous investment of $5,600 per year for 29 years leads to the accumulation of $500,000 at the end of this period, find the compound interest rate Continuous ii) At 35 years, at what interest rate does the annual composition of a capital triple? iii) Someone borrows $ 45,000 at a rate of 20% per annum and after one year begins to pay annual installments he does. If a person wants to pay the mentioned amount in 5 equal annual installments, calculate the installment amount each year and draw a cash flow chart
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