Lecture_14.1_Engineering_Economics_III

Lecture_14.1_Engineering_Economics_III - AE309 Lecture 14.1...

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AE309 Lecture 14.1 Engineering Economics III Reference: Lindeburg, Engineering Economic Analysis Example 8: Uniform Series – Future Worth (Series Compound Amount) F/A You are planning to start your own business as a home builder and are currently setting aside $1500 a month in an investment with an annual effective return of 9.38%. Your current balance is $15,000. How much do you expect to have in this investment in 28 months. i es = (i e +1) 1/m -1 = ( + 1) - 1 = = % / month F a = P(F/P, i e ,n) Single Payment PW = ( ) (F/P, %, ) = $ a b
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