Engineering economics

Engineering economics - I=APR C=compounding period(#of...

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Engineering economics- simple interest-deposit 100 dollars beginning of month at end of month bank pays interest at 1%  APR-what is the balance after it is compounded at the end of the month 100=P-principal F=principal (Future value
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Unformatted text preview: I=APR C=compounding period(#of periods per year) F=P(1+I/C) Compound Interest F=P(1+I/C)^N Sinking Fund A=a regular equally spaced deposit F=A[((1+I/C)^N-1)/I/C] Annuity formula P=A[((1+I/C)^N-1)/((I/C)( 1+I/C)^N))]...
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This note was uploaded on 04/06/2008 for the course AER E 160 taught by Professor Haugli during the Fall '07 term at Iowa State.

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