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August 21, 2014

August 21, 2014

Posted by **anne** on Tuesday, December 18, 2012 at 4:45pm.

- engineering economic -
**Henry**, Thursday, December 20, 2012 at 6:02pma. P1 = Po(1+r)^n.

r = (6%/100%) = 0.06 = APR expressed as a decimal.

n = 1Comp./yr * 5yrs = 5 compounding periods.

P1 = $2676.45.

b. P2 = Po + Po*rt.

P2 = 2000 + 2000*0.07*5 = $2700.

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