In engineering economy, the future value of first year is FV = PV (1 i). For

In engineering economy, the future value of first year is FV = PV (1 i). For second year it is FV = PV (1 i) (1 i). For third year it is FV = PV (1 i) (1 i)(1 i) where FV = future value, PV = present value, i = interest rate per period, n = the number of compounding periods. By induction, what is the future value of $1000 for 5 years at the interest rate of 6%?

Question Posted / kang chuen tat (malaysia - pen

1 Answers
2296 Views
I also Faced
E-Mail Answers

In engineering economy, the future value of first year is FV = PV (1 i). For second year it is FV..

Answer / kang chuen tat (malaysia - pen

Answer 15 : By induction, the future value for 5 year = FV = PV (1 + i) (1 + i) (1 + i) (1 + i)(1 + i) = $1000 (1.06) (1.06) (1.06) (1.06)(1.06) = $1338.2256. The answer is given by Kang Chuen Tat; PO Box 6263, Dandenong, Victoria VIC 3175, Australia; SMS +61405421706; chuentat@hotmail.com; http://kangchuentat.wordpress.com.

Is This Answer Correct ?

0 Yes

0 No

Post New Answer

More Chemical Engineering Interview Questions

ENGINEERING NUMERICAL METHODS - EXAMPLE 19.3 : There are 2 simultaneous equations : (A1) x + (B1) y = D1 and (A2) x + (B2) y = D2. (a) By using Excel program, find the values of x and y when A1 = 80, A2 = 150, B1 = 52, B2 = 100, D1 = 3.5 and D2 = 2.3. (b) Write the expression of Excel in the form of =MMULT(MINVERSE(W:X),Y:Z) in order to get the values of x and y. W, X, Y and Z may be A1, A2, B1, B2, D1 and D2.

1 Answers

plz send the interview questions in the written test asked by hindustan petroleum corporation ltd.Iam a b>tech in chemical engineering.My written test is on feb 2008.urgent plz.send the questions to indra_bits10@yahoo.com

0 Answers

Question 72 - (a) According to United States Department of Agriculture (USDA) (http://ndb.nal.usda.gov/ndb/search/list, accessed 12 August 2016), 100 g of potatoes generate 77 kcal of energy. For raw tomatoes, 111 g have 18 kcal of energy. Question : How much energy will one gain if 150 g of heated potatoes are eaten with 200 g of raw tomatoes? (b) If 1 Calorie = 1 food Calorie = 1 kilocalorie and 1000 calories = 1 food Calorie, then how many Calories are there in 9600 calories? (c) According to a food package of potato chips, 210 Calories are produced per serving size of 34 g. In actual experiment of food calorimetry lab, 1.75 g of potato chips, when burnt, will produce 9.6 Calories. For each serving size of potato chip, find the difference of Calories between the actual experimental value and the value stated on the food package. (d) The specific heat of water is c = 1 cal / (g.K) where cal is calory, g is gram and K is Kelvin. Then what is the temperature rise of water, in degree Celsius, when 150 g of water is heated by 9600 calories of burning food?

1 Answers

What is the difference between horizontal and vertical heat exchanger?

0 Answers

Calculate the line size for a cooling water line with a volumetric flowrate of 1200m3/h of water. Density of water = 1000kg/m3

0 Answers

How is plate heat exchangers used in an ammonia refrigeration system?

0 Answers

Define "good" cooling tower water?

0 Answers

What is Pinch Technology?

6 Answers

What is microstir?

1 Answers

What is a common failure mechanism for above ground atmospheric storage tanks?

0 Answers

What are the specialized crushing methods?

0 Answers

QUANTUM COMPUTING - EXAMPLE 32.1 : In quantum computing, let the amplitude A = a | 0 > + b | 1 >, | a | | a | + | b | | b | = 1. Find the values of b if A = 0.8 | 0 > + b | 1 >.

1 Answers

For more Chemical Engineering Interview Questions Click Here