CEE3000 HW and Notes - Name _ Date: _ CEE 3000A: CIVIL...

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Name ______________________________ Date: ________________________ CEE 3000A: CIVIL ENGINEERING SYSTEMS Homework 3 Spring 2006 Assigned: 3/2/06 Due: 3/7/06 1. Find the missing values (2 points each) i = 8 % P = $400 $2,000 n = ? i = ? % P = $1,000 $2,191 n = 20 i = 5 % $1,000 P = $ ? n = 20 1 2 3 4 5 $1,000
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2 i = 8% A = $5,000 F = $? 0 1 2 3 4 5 6 7 8 9 10 11 $1,500 i = 9 % A = ? P = $ 10,500 n = 10 1 2 3 4 5 . . . .
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3 2. Answer the following questions (5 points) (a) Three new corridors in a regional highway network are expected to open a new area for tourist trade 6 years from now. Your client expects to construct a $1,500,000 facility at that time. She has funds available now that can be invested at 7% percent compounded annually. How much should she invest in order to have the $1,500,000 available at the end of 6 years? (b) Your client has 1,000 acres of “average” residential development-type land now worth $3,200 per acre. What should it be worth in 6 years if it appreciates at the rate of 5% compounded annually?
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This note was uploaded on 06/07/2009 for the course CEE 3000 taught by Professor Meyer during the Fall '07 term at Georgia Institute of Technology.

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CEE3000 HW and Notes - Name _ Date: _ CEE 3000A: CIVIL...

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