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lana [24]
3 years ago
9

Your friend offers to pay you $3,000 five years from now. You'd prefer the money now so you can put it in a bank account at 8% i

nterest. How much less Should your friend pay you today in. order to be equivalent to her original offer ?
Engineering
1 answer:
zepelin [54]3 years ago
4 0

Answer:

  $958.25

Explanation:

  PV = FV(1 +r)^(-t) . . . . present value of an amount earning rate r compounded annually for t years

  PV = $3000(1.08^-5) ≈ $2041.75

The equivalent present value is $2041.75.

__

This amount is less than the offered amount by ...

  $3000 -2041.75 = $958.25

She should pay you $958.25 less in order to make the offers equivalent.

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Answer:

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Answer:see explanation.

Explanation:

(a).The equation of reaction is;

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Cp,1000k = 1.142 kJ.k which is the specific heat capacity of air.

T(adiabatic) = 1275k -----> assuming all the products are air.

(C). 2{∆h} co2 + 2{∆h} H20 +11.28 {∆h} N2

After series of calculations and checking of tables:

S(o2) = 320.173 - 8.314 ln 0.12= 337.46 kJ/ K.mol.k

S(H2O)= 273.986- 8.314 ln 0.1406 = 290.30 KJ/ kmol. K

S(N2) = 258.503- 8.314 ln 0.7344= 261.07 kJ/kmol.k

= 2(337.46) + 2(290.30)+11.28(261.07)-360.79-3(218.01)-11.28(193.46)

=1003.3378 kJ/kmol. K

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