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Unformatted text preview: Name, Student#& Section ________________________ Carleton University DEPARTMENT OF CIVIL & ENVIRONMENTAL ENGINEERING ECOR 3800A Engineering Economics November 21, 2008 TERM TEST #2 2008 1 Hour + 20 Minutes ______________________________________________________________________________ (a) Closed Book. (b) One 8.5”x11” single sided crib sheet is allowed. (c) Sheets of selected formulas and selected tables are provided. (d) Questions carry equal weight. (e) Programable calculators are not allowed. ______________________________________________________________________________ 1(a) With 5% interest compounded annually, how much money will be accumulated in a fund following the fifth deposit, if equal deposits of $1,000.00 are made annually? Assume that the first deposit is to be made now (i.e., end of period 0). (5 marks) SOLUTION F=$1000(F/A,5%,4) + $1000(F/P,5%,4) = $5,525.60 1(b) A bond with a face value of $5000 pays six-monthly interest of 3 percent each period. Twenty-six interest...
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This note was uploaded on 02/24/2010 for the course ECOR 3800 taught by Professor A.khan during the Winter '08 term at Carleton.
- Winter '08