Description
- Watch Example Problems Video 6 and Video 7.
- Study chapter 7 and chapter 8 presentations.
Watch videos and read presentation chapters to help solving the problems.
(2.5 points) An investment of $5000 in an Infotech common stock proved to be very profitable.
Unformatted Attachment Preview
Purchase answer to see full attachment
Explanation & Answer
Hello. Have a look at the final answer and get back to me. Thanks!!
Running Head: ENGINEERING ECONOMICS
Title: ENGINEERING ECONOMICS
Student's name:
Course title:
1
ENGINEERING ECONOMICS
2
Engineering Economics
1. What was the rate of return on investment?
P = $5,000
F = $30,000
n = 3 years
The formula for getting the future value is:
F = P (1+i)n
$3...