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Unformatted text preview: 9/14/2009 2 of 2 2. Curry invested his money in one engineering project. After 5 years, if he takes $5000 from that project, what is the annual worth or equivalent uniform annual worth? Suppose that interest rate is 7% per year. a. (3) Solve it using standard notation. But you know that (A/P, 7%,5) =0.24 and (P/F,7%,5)=0.17 204 24 . * 17 . * 5000 ) 5 %, 7 , / )( 5 %, 7 , / ( ) 5 %, 7 , / ( ) 5 %, 7 , / ( 5000 $ P A F P F P A P A F A F A F b. (2) What is the value of (F/A, 7%, 5)? From (a), we know that 0408 . 24 . * 17 . ) 5 %, 7 , / )( 5 %, 7 , / ( ) 5 %, 7 , / ( P A F P F A Since ) 5 %, 7 , / ( 1 ) 5 %, 7 , / ( F A A F , 51 . 24 5098 . 24 0408 . 1 3. (5) Write the Aggie Honor Code. An Aggie does not lie, cheat, or steal or tolerate those who do...
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This note was uploaded on 02/07/2012 for the course MATH MATH 304 taught by Professor Young during the Fall '09 term at Texas A&M.
 Fall '09
 young

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