ENG106W12-Q1-solution

ENG106W12-Q1-solution - ENG 106 Winter ‘12 Quiz #1 Open...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: ENG 106 Winter ‘12 Quiz #1 Open Notes Name: A disbursement of $400 is made at the end of year 3 and a disbursement of $600 at the end of year 5. Assume a 12% interest rate. a) Determine the present worth (P), b) Determine the future worth (F) at the end of year 5. Set up the equations but do not solve. a) P 01 2 345 400 600 or P = 400 (P/F, 12%, 3) + 600 (P/F, 12%, 5) F b) 01 2 34 5 400 600 or F = 400 (F/P, 12%, 2) + 600 ...
View Full Document

Ask a homework question - tutors are online