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    Gradient

    Uploaded by

    Carlos Miguel Dacaimat
    This document contains 10 multi-part word problems related to topics like compound interest, uniform and non-uniform series, annuities, and investments. The problems involve calculating things like future values, equivalent uniform amounts, interest rates, annual payments, and amounts that need to be deposited now to cover future expenses. Several problems deal specifically with scenarios like retirement planning, salary increases, mutual fund investments, and loan or lease payments that increase annually.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Gradient

    Uploaded by

    Carlos Miguel Dacaimat
    97 views7 pages
    This document contains 10 multi-part word problems related to topics like compound interest, uniform and non-uniform series, annuities, and investments. The problems involve calculating things like future values, equivalent uniform amounts, interest rates, annual payments, and amounts that need to be deposited now to cover future expenses. Several problems deal specifically with scenarios like retirement planning, salary increases, mutual fund investments, and loan or lease payments that increase annually.

    Original Description:

    Problems involving gradient in engineering economics.

    Original Title

    Gradient (2)

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    © © All Rights Reserved

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    This document contains 10 multi-part word problems related to topics like compound interest, uniform and non-uniform series, annuities, and investments. The problems involve calculating things like future values, equivalent uniform amounts, interest rates, annual payments, and amounts that need to be deposited now to cover future expenses. Several problems deal specifically with scenarios like retirement planning, salary increases, mutual fund investments, and loan or lease payments that increase annually.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    97 views7 pages

    Gradient

    Uploaded by

    Carlos Miguel Dacaimat
    This document contains 10 multi-part word problems related to topics like compound interest, uniform and non-uniform series, annuities, and investments. The problems involve calculating things like future values, equivalent uniform amounts, interest rates, annual payments, and amounts that need to be deposited now to cover future expenses. Several problems deal specifically with scenarios like retirement planning, salary increases, mutual fund investments, and loan or lease payments that increase annually.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 7

    1.

    Annual maintenance cost for the machine is 1500 this year and estimated to
    increase 10% each year. What is the percent worth of the maintenance cost
    for 6 years if i= 8%?

    2. An increasing annual uniform series begins at the end of second year and
    ends after 15th year. What is the value of G that makes the gradient series
    equivalent to a uniform flow of payments of 900 Php per year for 7 years at
    12% per year compounded annually?

    3. Deposits are made to an account as indicated below which bears interest at


    the rate of 10% compounded annually. How much will there be in the account
    the end of sixth year?
    End of Year
    1
    2
    3
    4
    5

    Deposit
    0
    500
    1000
    1500
    2500

    4. Suppose a man receives an initial annual salary of $60 000 increasing at the
    rate of $ 5000 a year. If money is worth 10%, determine his equivalent
    uniform salary for the period of 8 years.

    5. Lovely, a 3rd year student of Chemical Engineering Department with an age of


    18 years old makes year end deposit of Php 500 for the first year, Php 550 on
    the second year, Php 605 on the 3 rd year and so on, increasing the next
    years deposit by 10% of the deposit by the preceding year until the end of
    tenth year. Desiree makes equal year end deposits of 700 each year for 10
    years. If interest on both funds is 12% compounded annually, who will be able
    to save more at the end of 10 years?

    6. On Domingos 23rd birthday you decide to invest $ 4,500 (10% of your annual
    salary) in a mutual fund earning 7% per year. You will continue to make
    annual deposits equal to 10% of your annual salary until you retire at age 62
    (40 years after you started your job). You expect your salary to increase by an
    average of 4% each year during this time. How much money will you have
    accumulated in your mutual fund when you retire?

    7. A loan was to be amortized by a group of four end year payments forming an


    ascending arithmetic progression. The initial payment was to be 5000 and the
    difference between successive payments was to be 400. But the loan was
    renegotiated to provide for the payment of equal rather than uniformly
    varying sums. If the interest rate of the loan was 15%, what was the annual
    payment?

    8. A contract has been signed to lease a building at 2k per year with annual
    increase of 1500 for 8 years. Payments are to be made at the end of each
    year, starting one year from now, the prevailing rate is 7%. What lump sum
    paid today would be equivalent to 8-year lease plan?

    9. Airplane ticket price will increase 8% in each of the next four years. The cost
    at the end of the first year will be $180. How much should be put away now
    to cover a students travel home at the end of each year for the next four
    years? Assume 5%.

    10.A graduating CE is going to make $35 000 per year with Granite Construction.
    A total of 10% of the CE salary will be placed in the mutual fund of their
    choice. The CE can count on a 3% salary increase with the standard of living
    increases for the next 30 years of employment. If the CE is aggressive and
    places their retirement in a stock index fund that will average 12% over the
    course of their, what can the CE expect at retirement?

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