
Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
Edition 7ISBN: 978-0073376301
Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
Edition 7ISBN: 978-0073376301 Exercise 52
If you are able to save $5000 in year 1, $5150 in year 2, and amounts increasing by 3% each year through year 20, the amount you will have at the end of year 20 at 10% per year interest is closest to:
A) $60,810
B) $102,250
C) $351,500
D) Over $410,000
A) $60,810
B) $102,250
C) $351,500
D) Over $410,000
Explanation
g is geometric gradient,
n is number of...
Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
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