Enginering Economics: Compound Interest Factors? - Freemason Hirams Travels Masonic Forums

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03-06-2008, 10:56 AM

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Enginering Economics: Compound Interest Factors?

1. A project has a downpayment of $4000 today and an equal monthly payment of $200. How much does the project cost after 5 years if invested at 8% annual interest?

2. A 30 year old business man plans to retire at age 60. He'd like to receive $50,000 a year for 20 years after retiring. How much must he put away each month from now if investing at 6% a year?

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