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### cee167-fa00-mt1-Ibbs-soln

Course: CE100 13972, Spring 2011
School: Berkeley
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Word Count: 1690

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167 CE Midterm #1 Fall 2000 Prof. C.W. Ibbs Question #1 [15 Points] The amount of \$600 per year is to be paid into an account over each of the next 4 years. The nominal interest rate is 15% per year. Determine the total amount the account will eventually contain under the following conditions: (a) Deposits are made at the beginning of the year with interest compounding yearly: F=? NFV = [\$600 (F/A, 15%, 4)](1+i)...

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