1. Given the series of payment at the end of each year as follows: P 1000 Year 1 Year 2 1500 Year 3 2000 Up to Year 10 If i = 5% effective a. Find the 10th payment. b. Find the present worth of all payments. c. Find the future worth of all payments (Year 10)

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
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Chapter1: Making Economics Decisions
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Draw the cashflow diagram. Solve using the formula.

1. Given the series of payment at the end of each year as follows:
Year 1
P 1000
Year 2
1500
Year 3
2000
Up to Year 10
Ifi = 5% effective
a. Find the 10th payment.
b. Find the present worth of all payments.
c. Find the future worth of all payments (Year 10)
d. Find the equivalent annual payments.
Ans. 5,500 P 23,547.75, P 38,356.80 P 3,049.54
Transcribed Image Text:1. Given the series of payment at the end of each year as follows: Year 1 P 1000 Year 2 1500 Year 3 2000 Up to Year 10 Ifi = 5% effective a. Find the 10th payment. b. Find the present worth of all payments. c. Find the future worth of all payments (Year 10) d. Find the equivalent annual payments. Ans. 5,500 P 23,547.75, P 38,356.80 P 3,049.54
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