Question
Wangshu puts $40000 in a savings account paying interest rate (2) = 8%. He withdraws the money after 34 months. How much money is in
Wangshu puts $40000 in a savings account paying interest rate (2) = 8%. He withdraws the money after 34 months. How much money is in his account using
a) the "Greedy Bank" method
b) the "Practical" method
c) the "Theoretical method
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Engineering Economy
Authors: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
15th edition
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