please solve with full detail so I can understand, Engineering Econ TABLE C-2 Discrete Compounding; i = 1/2%Single PaymentCompound PresentAmountFactorWorthFactorN12342891011121314151617181920212223248 EEN SEKS NE2530364048607284100To Find FGiven PF/P1.00501.01001.01511.02021.02531.03041.03551.04071.04591.05111.05641.06171.06701.07231.07771.08311.08851.09391.09941.10491.11041.11601.12161.12721.13281.16141.19671.22081.27051.34891.43201.52041.6467To Find PGiven FP/F0.99500.99010.98510,98020.97540.97050.96570.96090.95610.95130.94660.94190.93720.93260.92790.92330.91870.91410.90960.90510.90060.89610.89160.88720.88280.86100.83560.81910.78710.74140.69830.65770.6073CompoundAmountFactorTo Find FGiven AF/A1.00002.00503.01504.03015.05036.07557.10598.14149.182110.228011.279212.335613.397214.464215.536516.614217.697318.785819.879720.979122.084023.194424.310425.432026.559132.280039.336144.158854.097869.770086.4089104.0739129.3337Uniform SeriesPresentWorthFactorTo Find PGiven AP/A0.99501.98512.97023.95054.92595.89646.86217.82308.77919.730410.677011.618912.556213.488714.416615.339916.258617.172818.082418.987419.888020.784121.675722.562923.445627.794132.871036.172242.580351.725660.339568.453078.5426200.0000SinkingFundFactorTo Find AGiven FA/F1.00000.49880.33170.24810.19800.16460.14070.12280.10890.09780.08870.08110.07460.06910.06440.06020.05650.05320.05030.04770.04530.04310.04110.03930.03770.03100.02540.02260.01850.01430.01160.00960.0077CapitalRecoveryFactorTo Find AGiven PA/P1.00500.50380.33670.25310.20300.16960.14570.12780.11390.10280.09370.08610.07960.07410.06940.06520.06150.05820.05530.05270.05030.04810.04610.04430.04270.03600.03040.02760.02350.01930.01660.01460.01270.0050Uniform GradientGradientPresent WorthFactorTo Find PGiven GP/G0.0000.9902.9605.9019.80314.65520.44927.17634.82443.38752.85363,21474.46086.58499.574113.424128.123143.663160.036177.232195.243214.061233.677254.082275.269392.632557.560681.335959,9191448.6462012.3482640.6643562.793GradientUniform SeriesFactorTo Find AGiven GA/G0.00000.49880.99671.49381.99002.48552.98013.47383.96684.45894.95015.44065.93026.41906.90697.39407.88038.36588,85049,33429,817210.299310.780611.261111.740714.126516.962118.835922.543728.006433.350438.576345.3613N1123459101112131415161718192021222324253036404860728410000 You currently have $20,000 in the bank. The monthly interestrate is 0.5%. What equal amount could be withdrawn eachmonth for sixty months and have $0 left in the account at thattime? The first withdrawal takes place one month from today.

Given that, Monthly interest, (i) =0.5% Time, n=60 months Present value = $20,000

You currently have $20,000 in the bank. The monthly interest rate is 0.5%. What equal amount could be withdrawn each month for sixty months and have $0 left in the account at that time? The first withdrawal takes place one month from today.

You currently have $20,000 in the bank. The monthly interest rate is 0.5%. What equal amount could be withdrawn each month for sixty months and have $0 left in the account at that time? The first withdrawal takes place one month from today.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

please solve with full detail so I can understand, Engineering Econ

TABLE C-2 Discrete Compounding; i = 1/2%
Single Payment
Compound Present
Amount
Factor
Worth
Factor
N
1234
2
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
8 EEN SEKS NE
25
30
36
40
48
60
72
84
100
To Find F
Given P
F/P
1.0050
1.0100
1.0151
1.0202
1.0253
1.0304
1.0355
1.0407
1.0459
1.0511
1.0564
1.0617
1.0670
1.0723
1.0777
1.0831
1.0885
1.0939
1.0994
1.1049
1.1104
1.1160
1.1216
1.1272
1.1328
1.1614
1.1967
1.2208
1.2705
1.3489
1.4320
1.5204
1.6467
To Find P
Given F
P/F
0.9950
0.9901
0.9851
0,9802
0.9754
0.9705
0.9657
0.9609
0.9561
0.9513
0.9466
0.9419
0.9372
0.9326
0.9279
0.9233
0.9187
0.9141
0.9096
0.9051
0.9006
0.8961
0.8916
0.8872
0.8828
0.8610
0.8356
0.8191
0.7871
0.7414
0.6983
0.6577
0.6073
Compound
Amount
Factor
To Find F
Given A
F/A
1.0000
2.0050
3.0150
4.0301
5.0503
6.0755
7.1059
8.1414
9.1821
10.2280
11.2792
12.3356
13.3972
14.4642
15.5365
16.6142
17.6973
18.7858
19.8797
20.9791
22.0840
23.1944
24.3104
25.4320
26.5591
32.2800
39.3361
44.1588
54.0978
69.7700
86.4089
104.0739
129.3337
Uniform Series
Present
Worth
Factor
To Find P
Given A
P/A
0.9950
1.9851
2.9702
3.9505
4.9259
5.8964
6.8621
7.8230
8.7791
9.7304
10.6770
11.6189
12.5562
13.4887
14.4166
15.3399
16.2586
17.1728
18.0824
18.9874
19.8880
20.7841
21.6757
22.5629
23.4456
27.7941
32.8710
36.1722
42.5803
51.7256
60.3395
68.4530
78.5426
200.0000
Sinking
Fund
Factor
To Find A
Given F
A/F
1.0000
0.4988
0.3317
0.2481
0.1980
0.1646
0.1407
0.1228
0.1089
0.0978
0.0887
0.0811
0.0746
0.0691
0.0644
0.0602
0.0565
0.0532
0.0503
0.0477
0.0453
0.0431
0.0411
0.0393
0.0377
0.0310
0.0254
0.0226
0.0185
0.0143
0.0116
0.0096
0.0077
Capital
Recovery
Factor
To Find A
Given P
A/P
1.0050
0.5038
0.3367
0.2531
0.2030
0.1696
0.1457
0.1278
0.1139
0.1028
0.0937
0.0861
0.0796
0.0741
0.0694
0.0652
0.0615
0.0582
0.0553
0.0527
0.0503
0.0481
0.0461
0.0443
0.0427
0.0360
0.0304
0.0276
0.0235
0.0193
0.0166
0.0146
0.0127
0.0050
Uniform Gradient
Gradient
Present Worth
Factor
To Find P
Given G
P/G
0.000
0.990
2.960
5.901
9.803
14.655
20.449
27.176
34.824
43.387
52.853
63,214
74.460
86.584
99.574
113.424
128.123
143.663
160.036
177.232
195.243
214.061
233.677
254.082
275.269
392.632
557.560
681.335
959,919
1448.646
2012.348
2640.664
3562.793
Gradient
Uniform Series
Factor
To Find A
Given G
A/G
0.0000
0.4988
0.9967
1.4938
1.9900
2.4855
2.9801
3.4738
3.9668
4.4589
4.9501
5.4406
5.9302
6.4190
6.9069
7.3940
7.8803
8.3658
8,8504
9,3342
9,8172
10.2993
10.7806
11.2611
11.7407
14.1265
16.9621
18.8359
22.5437
28.0064
33.3504
38.5763
45.3613
N
1
12345
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
30
36
40
48
60
72
84
100
00

You currently have $20,000 in the bank. The monthly interest
rate is 0.5%. What equal amount could be withdrawn each
month for sixty months and have $0 left in the account at that
time? The first withdrawal takes place one month from today.

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