Solutions for questions for engineering economics
Question Description
please find the solution for the questions with steps
1) how many months will it take to pay off $705 debt, with monthly payment $25 at the end of each month, if the interest rate is %15, compounded monthly
2)Determine the breakeven resale price 15 years from now of an apartment house that can be bought today for $250000. its annual net income is $22000. the owner wants a %10 annual return on her investment
3)Tameshia deposits $5500 in her retirement account every year. if her account pays an average of %6 interest and she makes 38 deposits before she retires, how much money can she withdraw in 20 equal payments beginning 1 year after her last deposit
Have a similar assignment? "Place an order for your assignment and have exceptional work written by our team of experts, guaranteeing you A results."