(b) $27, 812 (d) $32, 244 Solution: Given: P = $20, 000, r = 12% compounded monthly, and N = AS months Find: F F = $20, 000(F/JP, 1%, 48) = $32, 244 3s.26 Suppose you borrowed $10, 000 at an interest rate of 12%, compounded monthly overanbsp;...

Title | : | Study guide, Fundamentals of engineering economics |

Author | : | Chan S. Park |

Publisher | : | Prentice Hall - 2004 |

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