Interested to Buy Any Domain ? << Click Here >> for more details...
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%?
- 1 Answers
- 2970 Views
- I also Faced
- E-Mail Answers
Answer Posted / 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 View All Answers
Explain the factors involved in considering the choice of dry screw compressor?
Explain how does a tank-blanketing valve operate?
Does home used kerosene which is available in blue color can change its color after keeping number of years (say 8-10 years)? If yes, then in which color will it turned to? Will it change to yellow color or transparent color? Please reply with suitable technical suggestion/approach. Its an important question which was asked. I need a very strong technical reply. Please help me.
how we can find solubility of liquid in amyl alcohol and relative solubility of amyl alcohol
what is the hearth and arch pressure in furnace?
I would like to know how to size a partial combustion reactor processing methane and oxygen, as a function of the flowrate and of the pressure.
hi can u send me all d technical qus pepar of DRDO?my email id is palmzk@gmail.com
Is it advisable to cool a fin fan by spraying demineralized water on it?
What are the disadvantages of using gear pumps?
How can I evaluate the thermal relief requirements for double block-in of 98% sulfuric acid?
What kind of concerns is associated with temperature pinch points in condensers?
Explain the advantages of using a ball mill over other conventional methods of crushing?
why screw compressor use for ammonia compression?
What are the advantages of using gear pumps?
What does the catalytic converter on an automobile really do?
