Solution - t = 3 A = 500,000(1-0.16)^3 A = $296,352 in 3 years

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t = 2 A = 500,000 (1- 0.16)^2 A = $352,800 in 2 years t = 1 A = 500,000 (1-0.16)^1 A = $420,000 in 1 year
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Unformatted text preview: t = 3 A = 500,000 (1-0.16)^3 A = $296,352 in 3 years...
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This note was uploaded on 08/29/2010 for the course ENGINEERIN 305 taught by Professor Martincandell during the Spring '10 term at Rio Hondo College.

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