CI-Engineering Economic Analysis-Exam-I

# CI-Engineering Economic Analysis-Exam-I - Engineering...

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Engineering Economic Analysis Exam 1 – 2001 Sample Test - Dr. Kahraman Name: Read the following instructions carefully Fill in your name on this exam sheet. Fill in your name, exam version number and the course number on your general purpose Scan Sheet. Use the scan sheet to answer all the questions. You must return both the exam sheet and the scan sheet at the end of this examination. This is the only check we have that you attended the examination. In recognition of the Student Honor Code, you should neither give nor receive aid on this examination. Note that your answers may differ slightly from the choices listed due to rounding errors. Select the closest answer from the listed choices. Problem 1 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? A. \$ F = 22,256 B. \$ F = 24,481 C. \$ F = 24,881 D. \$ F = 25,981 Problem 2 In computing the equivalent present worth of the following cash flow series at period 0, which of the following expression is incorrect?

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A. P = \$ 100(P/A,i,4)(P/F,i,4) B. P = \$ 100(F/A,i,4)(P/F,i,7) C. P = \$ 100(P/A,i,7) - \$ 100(P/A,i,3) D. P = \$100[(P/F,i,4) + (P/F,i,5) + (P/F,i,6) + (P/F,i,7)]
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## This note was uploaded on 05/12/2011 for the course INDUSTRIAL 321 taught by Professor Memet during the Spring '11 term at Mitchell Technical Institute.

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CI-Engineering Economic Analysis-Exam-I - Engineering...

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