Answer to Question #320609 in Mechanical Engineering for Jhonny

Question #320609

2.) In an ordinary annuity (uniform series of payments) if the nominal rate of interest is 8%

compounded quarterly for 6 years.

1. Compute the value of the capital recovery factor.

2. Compute the value of the sinking fund factor.

3. Compute the value of the present worth factor.

Ans. 1. 0.052871 2. 0.032871 3. 18.914

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