You dont have javascript enabled! Please enable it! Solution: Compute the single payment amount factor for a period of 6 years

Solution: Compute the single payment amount factor for a period of 6 years

Solution: Compute the single payment amount factor for a period of 6 years

Problem Statement: Engineering Economics

Compound Interest Problem Solving

If money is worth 8% compounded quarterly, compute the single payment amount factor for a period of 6 years.

A. 1.60844

B. 1.70241

C. 0.62172

D. 0.53162

Problem Answer:

The single payment amount factor for a period of 6 years is equal to 1.60844.

View Solution:

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