Qize1 chapter4
1
Jordan University of Science and Technology Faculty of Engineering Industrial Engineering Department IE 341: Engineering Economy Quiz 1 Eng. Maysa’a Faroon First Semester 2011/2012 Name: ST # Draw the cash flow diagram for the following statement: Suppose you make 12 equal annual deposits of $1,200 each into a bank account paying 10% interest per year. The first deposit will be made one year from today. How much money can be withdrawn from this bank account immediately after the 12 th deposit?
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Transcript of Qize1 chapter4
Jordan University of Science and TechnologyFaculty of Engineering
Industrial Engineering Department
IE 341: Engineering Economy Quiz 1 Eng. Maysa’a FaroonFirst Semester 2011/2012 Name: ST #
Draw the cash flow diagram for the following statement:
Suppose you make 12 equal annual deposits of $1,200 each into a bank account paying 10% interest per year. The first deposit will be made one year from today. How much money can be withdrawn from this bank account immediately after the 12th deposit?
