Solutions for questions for engineering economics

Solutions for questions for engineering economics.

I’m studying for my Engineering class and don’t understand how to answer this. Can you help me study?

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please find the solution for the questions with steps

1) how many months will it take to pay off $705 debt, with monthly payment $25 at the end of each month, if the interest rate is %15, compounded monthly

2)Determine the breakeven resale price 15 years from now of an apartment house that can be bought today for $250000. its annual net income is $22000. the owner wants a %10 annual return on her investment

3)Tameshia deposits $5500 in her retirement account every year. if her account pays an average of %6 interest and she makes 38 deposits before she retires, how much money can she withdraw in 20 equal payments beginning 1 year after her last deposit

Solutions for questions for engineering economics