Home » EGN3613: Engineering Economics Analysis Assignment . Manufacturing company would like to borrow $250,000 to add a new production line in their…

EGN3613: Engineering Economics Analysis Assignment . Manufacturing company would like to borrow $250,000 to add a new production line in their…

EGN3613: Engineering Economics Analysis Assignment . Manufacturing company would like to borrow $250,000 to add a new production line in their facility. If the company borrowed the money from a financial institution that offered the money with 6% simple interest over 3 year: a) What will be the amount of money the company has to pay back at the end of the third year? b) What will be the amount of money to pay back in three years if the interest rate is compound interest?

2. A new college graduate has a job with Aerospace Company. She plans to borrow $25,000 now to help in buying a car, renting an apartment and furnishing her apartment. She has arranged to repay the entire principal plus 7% per year interest after 3 years. Calculate the amount of money that she needs to pay back at the end of the third year considering that the 7% is compound interest.

3. How much do you need to deposit in your saving account in today’s money, which earns 10% compound interest, to be able to collect $8,574.35 in 8 years? Solve this problem using the mathematical method showing all steps. Then solve the problem using Excel present value (PV) calculations (show the changes in saving over all 8 years, take a snap shot of the excel sheet and paste in your MS Word answer document).

4. If you deposited $5,000 in your saving account three years ago and you will collect them now as $5,955.08: a. What was your account interest for the past three years? Use excel sheet to show your calculations, take a snap shot and paste it in the MS Word answer document. b. Using the same interest rate that you calculated if you left your money in the bank how long would it take for the initial deposited amount to double? c. Use the tables in the back of the book to find the discount factor of an institution that provides 11% compound interest after 6 years of investment. Which institution would you prefer, this one or the first one? Why? 5. Find the future amount of money in account that earns 8% interest, if you were depositing $2,400 annually for 4 years.  

Show more







Calculate Your Essay Price
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

Order your essay today and save 10% with the coupon code: best10