2 - Name and Student Number SOLUTIONS Carleton University...

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1 Name and Student Number SOLUTIONS Carleton University DEPARTMENT OF CIVIL & ENVIRONMENTAL ENGINEERING ECOR 3800B Engineering Economics March 23, 2010 TERM TEST #2 1 Hour + 20 Minutes ______________________________________________________________________________ (a) Closed Book. (b) Answer all questions. (c) Questions carry equal weight. (d) 8.5”x11” single sided Crib Sheet is allowed. (e) Formula sheet and selected interest tables are provided. (f) Programable calculators are not allowed. (g) Blank side can be used for rough work. ______________________________________________________________________________ 1(a). Examine the following two investment plans. (I) Invest $5,000 and receive $800 at the end of each six months for four years, and a single payment of $2000 at the end of the fourth year. (II) Invest $5,000 and receive $900 at the end of each year for the four year period, and a single payment of $X at the end of the fourth year. If the money is worth 16% compounded semi-annually (i.e., effective 8% per six months), what
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2 - Name and Student Number SOLUTIONS Carleton University...

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