Assignment_4

Assignment_4 - ENGR 301 H - Assignment 4 This assignment is...

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ENGR 301 H - Assignment 4 This assignment is optional to submit (bonus assignment) Assignments must be submitted using the course website (moodle): Provide all the analysis and calculations for all problems due 12:00 PM (midnight, 24:00 hours), Monday, October 19, 2009 No late assignments or other form of submission will be accepted. All calculations will be graded for this assignment; no answer sheet is provided. No late assignments or other form of submission will be accepted. When using interest formulas, use your calculator and not the interest tables in the book Name : ____ VERNOS_____ ID No : _9714650_ Signature : _ NVernos__ Date : 10/20/09__ Problem 1 You can purchase an annuity which will provide 40 annual end-of-year payments. The purchase price now is $40,000. The value of the payments begins at $1150 per year and increases at a rate of 15% per year over the 40 year period. What rate of return will you receive if you purchase the annuity? We use the Geometric series Present Worth formula: P=A [(1-(1+g)
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Assignment_4 - ENGR 301 H - Assignment 4 This assignment is...

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