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# ass.1 - Carleton University Department of Civil and...

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Carleton University Department of Civil and Environmental Engineering Engineering Economics (ECOR 3800) ASSIGNMENT # 1 Issued June 05, 2010 Due Date : June 15, 2010 at 5:00 pm Drop off your location: Filing cabinet near the entrance to the Civil and Environmental Engineering office. The cabinet located to the right of room 3424 ME. =============================================================== Q.1 (A) (1Mark) If you make the following series of deposits at an interest rate of 10%, compounded annually, what would be the total balance at the end of 10 years? (Support your answer with C.F.D.) End of Period Amount of Deposit 0 \$800 1-9 \$1500 10 0 (B) (1Mark) Compute the equivalent present worth of the following cash flow series at period 0, i = 6%. (C) (1Mark) You deposit \$2000 in a saving account that earns 9% simple interest per year. To double your balance, you wait at least (?) years. But if you deposit the \$2000 in another saving account that earns 8% interest, compounded yearly, it will take (?) years to double your balance P 1 2 3 4 5 6 0 7 8 9 10 11 12 \$100

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Q.2 (1.5 Marks)
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