Electrical Power PE Exam - Engineering Economics - Find Future Worth given, P, A, r
Автор: Electrical PE Review
Загружено: 2016-10-21
Просмотров: 5368
Описание:
Brought to you by the Course Master at
Electrical PE Review
Try our a premium NCEES Electrical Power PE Exam review course and sample practice exam at:
http://www.electricalpereview.com
If a student makes a one time deposit of $20,000, and then makes monthly deposits of $1,200 in an account with a nominal annual interest rate of 4.5% compounded monthly, will he have enough after 5 years to purchase a $105,000 property in cash?
Can you solve it?
Hint: Find F if:
P = $20,000
A = $1,200
r = 4.5%
Bigger Hint: If you use 4.5% for your i value in your (F/P) and (F/A) equations, you WILL GET THIS WRONG. Becareful.
Know the difference between effective and nominal interest and when to use each one, otherwise you will get problems that you know how to do correctly wrong on the exam.
For more Electrical Power PE Exam practice problems and to try our online review course come see us at www.electricalpereview.com
Повторяем попытку...
Доступные форматы для скачивания:
Скачать видео
-
Информация по загрузке:
