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Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
Edition 7ISBN: 978-0073376301Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
Edition 7ISBN: 978-0073376301 Exercise 43
Sheryl and Marcelly both invest $1000 at 10% per year for 4 years. Sheryl receives simple interest and Marcelly gets compound interest. Use a spreadsheet and cell reference formats to develop relations that show a total of $64 more interest for Marcelly at the end of the 4 years. Assume no withdrawals or further deposits are made during the 4 years.
Explanation
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Given information:
• Deposit is $1,000 ...
Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
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