CEE388 – Spring 2005 , 2005

CEE388 – Spring 2005
Homework Assignment #2
Due Date: Tuesday, February 1st, 2005
1: Assume that Mr. White starts now and makes five equal deposits of A = $1000 per
year into a 17% per year investment and withdraws the accumulated total immediately
after the last deposit. Construct a cash flow diagram.
2: A sum of money invested at 6% interest, compounded annually, will double in amount
in how many years?
3: Problem 3-13