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

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
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
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Q.2 (1.5 Marks)
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 11/25/2010 for the course SYSC 44509 taught by Professor Mattdamomn during the Fall '10 term at Carleton CA.

Page1 / 3

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

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online