Engineering Economy – Problem 2.5
A family that won a $100,000 prize on America’s Funniest Home Videos decided to put one-half of
the money in a college fund for their child who was responsible for the prize. If the fund earned
interest at 6% per year, how much was in the account 14 years after it was started?
Sample problems and notes are based on the following textbook: Engineering Economy 7th Edition
ISBN-13: 978-0073376301
ISBN-10: 0073376302
Edition: 7
Author: Leland Blank, Anthony Tarquin
Published Date: 2011