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A civil engineer planning for her retirement places10% of

Engineering Economy (1) | 16th Edition | ISBN: 9780133439274 | Authors: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling ISBN: 9780133439274 207

Solution for problem 2.43 Chapter 2

Engineering Economy (1) | 16th Edition

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Engineering Economy (1) | 16th Edition | ISBN: 9780133439274 | Authors: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling

Engineering Economy (1) | 16th Edition

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Problem 2.43

A civil engineer planning for her retirement places10% of her salary each year into a high-technologystock fund. If her salary this year (end of year 1) is$160,000 and she expects her salary to increase by3% each year, what will be the future worth of herretirement fund after 15 years provided it earns 7%per year?

Step-by-Step Solution:
Step 1 of 3

PY 205 Week 3 Notes Chapter 4 and 5 Newton’s Laws 1. Velocities don’t change unless a net force acts upon it (qualitative) 2. The acceleration of a body is directly proportional to the net force acted on it (quantitative) a. Fnet = (mass)(acceleration) 3. Forces occur between two objects – if A exerts a force on B then B exerts a negative force on A. a. Fnet = Fxi +Fyj + Fzk b. The sum of all the forces on x = ma(x) c. The sum of all the force on y = ma(y) Applications of Newton’s laws - Kinetic motion - sliding friction - The force acts opposite to the direction of the object’s velocity - Normal force = shows that the friction force is approximately proportional to the normal force – the

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Chapter 2, Problem 2.43 is Solved
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Textbook: Engineering Economy (1)
Edition: 16
Author: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
ISBN: 9780133439274

This full solution covers the following key subjects: . This expansive textbook survival guide covers 19 chapters, and 1299 solutions. The full step-by-step solution to problem: 2.43 from chapter: 2 was answered by , our top Engineering and Tech solution expert on 01/03/18, 09:30PM. This textbook survival guide was created for the textbook: Engineering Economy (1), edition: 16. The answer to “A civil engineer planning for her retirement places10% of her salary each year into a high-technologystock fund. If her salary this year (end of year 1) is$160,000 and she expects her salary to increase by3% each year, what will be the future worth of herretirement fund after 15 years provided it earns 7%per year?” is broken down into a number of easy to follow steps, and 54 words. Engineering Economy (1) was written by and is associated to the ISBN: 9780133439274. Since the solution to 2.43 from 2 chapter was answered, more than 484 students have viewed the full step-by-step answer.

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