2018//2(c)//Engineering Eco//KU

Three different bank loan rates for electric generation equipment are listed below.
Determine the effective rate on the basis of the compounding period for each rate.
i. 8.75% per year, compounded quarterly.
ii. 9.25% per year, compounded monthly.
iii. 8.5% per year, compounded weekly.
Which bank would you recommend? Why?

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2017//2(b)//Engineering Eco//KU

A loan of $10,000 is to be repaid over a period of eight years. During the first four years, exactly half of the loan principal is to be repaid (along with accumulated compound interest) by a uniform series of payments of A1 dollar per year. The other half of the loan principal is to be repaid over four years, with accumulated interest, by a uniform series of payments of A2 dollar per year, If i=9% per year, what are A1 and A2?

Testing servo motor with arduino

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CanSat

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