Chat with AI
Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
Edition 7ISBN: 978-0073376301Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
Edition 7ISBN: 978-0073376301 Exercise 32
Cindy wants to deposit money for 4 consecutive years starting 3 years from now so she can withdraw $50,000 twelve years from now. Assume the interest rate is 8% per year. The annual deposit is closest to:
A) $6990
B) $7670
C) $8530
D) $10,490
A) $6990
B) $7670
C) $8530
D) $10,490
Explanation
Verified
Verified
F is accumulated sum of amount,
n is nu...
Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
Why don’t you like this exercise?
Other Minimum 8 character and maximum 255 character
Character 255
