Civil Engineering - Engineering Economy - Discussion
Discussion Forum : Engineering Economy - Section 2 (Q.No. 15)
15.
Renu Bala deposits Rs 1200 now, Rs 800 two years from now and Rs 1000 five years from now. If the savings bank's rate of interest in 5%, she will receive an amount of Rs X 10 years from now, where X is
Discussion:
2 comments Page 1 of 1.
Rajan Bagale said:
2 years ago
Let's calculate the future value:
FV = 1200 * (1 + 0.05)^10 + 800 * (1 + 0.05)^8 + 1000 * (1 + 0.05)^5,
FV = 1200 * (1.05)^10 + 800 * (1.05)^8 + 1000 * (1.05)^5,
FV = 4412.91,
~Rs.4413.
FV = 1200 * (1 + 0.05)^10 + 800 * (1 + 0.05)^8 + 1000 * (1 + 0.05)^5,
FV = 1200 * (1.05)^10 + 800 * (1.05)^8 + 1000 * (1.05)^5,
FV = 4412.91,
~Rs.4413.
Anamolous said:
6 years ago
0.05.
1200 - 10 - 1954.673552.
800 - 8 - 1181.964355.
1000 - 5 - 1276.281563.
So, it is 4412.91947.
1200 - 10 - 1954.673552.
800 - 8 - 1181.964355.
1000 - 5 - 1276.281563.
So, it is 4412.91947.
(1)
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