ENGINEERING ECONOMY - EXAMPLE 7.1 : 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 %?



ENGINEERING ECONOMY - EXAMPLE 7.1 : In engineering economy, the future value of first year is FV = P..

Answer / kangchuentat

ENGINEERING ECONOMY - ANSWER 7.1 : 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

is the QURAN GOD'S words?

6 Answers  


What are some factors to consider when trying choosing between a dry screw compressor and an oil-flooded screw compressor?

0 Answers  


What is control valve ?

2 Answers   TCL,


Question 53 - In the purchase of a machine with a period n = 8.5 years, the minimum attractive rate of return, i = 12 %, the cost P = $55000, F = $4000 is the salvage, annual maintenance A = $3500. The return of the investment or equivalent uniform annual benefit is $15000. The equivalent uniform annual cost is P (A / P, i, n) + A - F (A / F, i, n). The investment is considered acceptable only when equivalent uniform annual benefit is greater than the equivalent uniform annual cost. From the compound interest table, (A / P, i = 12 %, n = 8 years) = 0.2013, (A / P, i = 12 %, n = 9 years) = 0.1877, (A / F, i = 12 %, n = 8 years) = 0.0813, (A / F, i = 12 %, n = 9 years) = 0.0677. Prove by calculations whether the investment above is acceptable.

1 Answers  


Explain what types of valves are recommended for slurry services?

0 Answers  






What are some good tank mixing rules of thumb?

0 Answers  


who is your present and most resent employer?

1 Answers  


what is ifference between PFR ,MFR and batch reactor?

9 Answers   BARC, IOCL,


BIOPROCESS ENGINEERING - EXAMPLE 14.1 : In differential centrifugation of cells with diameter D in centimeter, the square of D is given by D x D = [18n ln (RF / RI) ] / [ (RP - RFF) Wt ] where n is the fluid viscosity (poise), RF is the final radius of rotation (cm), RI is the initial radius of rotation (cm), RP is cell density (g / ml), RFF is the fluid density (g/ml), W the square for the rotational velocity in (radians / s) (radians / s), t is the time required to sediment from RI to RF (s). Derive an equation for W as a function for D, n, RF, RI, RP, RFF and t, with the stated units above, in radian & degree.

1 Answers  


What's the difference between superphosphate and triple super phosphate fertilizer?

4 Answers  


Can large temperature differences in vaporizers cause operational problems?

0 Answers  


What are some guidelines for sizing a psv for a fire scenario on a vessel in a refinery service?

0 Answers  


Categories
  • Civil Engineering Interview Questions Civil Engineering (5085)
  • Mechanical Engineering Interview Questions Mechanical Engineering (4451)
  • Electrical Engineering Interview Questions Electrical Engineering (16632)
  • Electronics Communications Interview Questions Electronics Communications (3918)
  • Chemical Engineering Interview Questions Chemical Engineering (1095)
  • Aeronautical Engineering Interview Questions Aeronautical Engineering (239)
  • Bio Engineering Interview Questions Bio Engineering (96)
  • Metallurgy Interview Questions Metallurgy (361)
  • Industrial Engineering Interview Questions Industrial Engineering (259)
  • Instrumentation Interview Questions Instrumentation (3014)
  • Automobile Engineering Interview Questions Automobile Engineering (332)
  • Mechatronics Engineering Interview Questions Mechatronics Engineering (97)
  • Marine Engineering Interview Questions Marine Engineering (124)
  • Power Plant Engineering Interview Questions Power Plant Engineering (172)
  • Textile Engineering Interview Questions Textile Engineering (575)
  • Production Engineering Interview Questions Production Engineering (25)
  • Satellite Systems Engineering Interview Questions Satellite Systems Engineering (106)
  • Engineering AllOther Interview Questions Engineering AllOther (1379)