The marks A to G split the beam into six equal parts. At which mark is the bending moment largest in size, sagging or hogging? Click it in the diagram.
60 kN @ 2 m8 kN/m, 0–5 m
1A (x = 0 m)
2B (x = 1 m)
3C (x = 2 m)
4D (x = 3 m)
5E (x = 4 m)
6F (x = 5 m)
7G (x = 6 m)
6.Shear force & bending momentHard
Find the bending moment Mx at the section x = 1.5 m from support A. Use sagging moments positive and upward shear on the left face positive.
L = 4 mP = 25 kN at 1.5 mw = 5 kN/m from 0 to 4 mx = 1.5 m
Mx = kN·m
7.Beam deflectionMedium
A simply supported beam carries a uniformly distributed load w over its whole span. Find the maximum deflection δmax, at midspan.
w = 12 kN/mL = 4 mE = 70 GPa (aluminium)I = 160 × 10⁶ mm⁴
δmax = mm
8.Beam deflectionHard
A simply supported timber beam of rectangular section, 125 mm wide, carries a uniformly distributed load w over its whole span. Its midspan deflection may not exceed span/360. Find the smallest depth hreq of the section.
w = 3 kN/mL = 4.5 mE = 11 GPa (timber)b = 125 mm
hreq = mm
9.Column bucklingMedium
A column of length L made of steel is fixed at the base and free at the top. Using Euler’s formula, find its critical buckling load Pcr.
L = 1.5 mE = 200 GPa (steel)d = 60 mm
Pcr = kN
10.Column bucklingHard
A column of length L made of steel is pinned at both ends. Find its slenderness and the critical buckling stress σcr from Euler’s formula.
L = 2 mE = 200 GPa (steel)d = 40 mm
σcr = MPa
11.Centroid & second moment of areaMedium
A 200 mm × 240 mm plate has a circular hole of diameter 30 mm on its vertical centre line, with its centre 156 mm above the bottom. Find the second moment of area Ix about the horizontal axis through the centroid.
b = 200 mmh = 240 mmd = 30 mmhole centre: y = 156 mm
Ix = × 10⁶ mm⁴
12.Centroid & second moment of areaHard
A 150 mm × 200 mm plate has a rectangular cut-out 60 mm wide and 20 mm high, centred on the vertical centre line with its centre 70 mm above the bottom. Find the second moment of area Ix about the horizontal axis through the centroid.
b = 150 mmh = 200 mmcut-out: 60 × 20 mmhole centre: y = 70 mm
Ix = × 10⁶ mm⁴
13.Effective stress in soilMedium
For the soil profile shown, find the vertical effective stress σ′ at point X.
A 3 m thick overconsolidated clay layer has Cc = 0.25, Cr = 0.06 and e₀ = 0.8. At its mid-depth the effective vertical stress is 90 kPa and the overconsolidation ratio is OCR = 2.5. A new building adds 160 kPa of vertical stress at mid-depth. Find the primary consolidation settlement S in mm.
In a laboratory oedometer test, a clay specimen 20 mm thick, drained at the top and bottom, reaches 50% consolidation in 8 min. In the field the same clay forms a layer 9.5 m thick. It lies on impervious rock, with sand above it, so water drains out only at the top. How many days t does the field layer take to reach 50% consolidation?
A vertical rectangular gate 1 m wide sits in the wall of a tank of water, with its top edge 2.5 m below the surface. Find the resultant hydrostatic force F on the gate.
A vertical rectangular gate 1 m wide sits in the wall of a tank of oil, with its top edge 0.5 m below the surface. Find the resultant hydrostatic force F on the gate.
d = 0.5 mH = 1 mb = 1 mρ = 880 kg/m³g = 9.81 m/s²
F = kN
19.Pipe friction & head lossMedium
Water flows at 40 L/s through a pipe 400 m long with an inside diameter of 200 mm. Use the Darcy friction factor f = 0.022 and g = 9.81 m/s². Find the friction head loss hf.
Two open reservoirs are joined by a pipe 400 m long with an inside diameter of 250 mm and a Darcy friction factor f = 0.015. The minor losses are a square-edged entrance (K = 0.5), 3 bends (K = 0.3 each), a valve (K = 10) and the exit into the lower reservoir (K = 1.0). Use g = 9.81 m/s². What difference in water level Δz between the reservoirs gives a flow rate of 50 L/s?
A trapezoidal gravel channel has a bottom width of 4 m and side slopes of 1.5:1 (horizontal:vertical). Water flows uniformly 1.5 m deep. Manning n = 0.025 and the bed slope is S = 0.002. Find the flow rate Q in m³/s.
b = 4 my = 1.5 mz = 1.5n = 0.025S = 0.002
Q = m³/s
22.Open-channel flow (Manning)Hard
A concrete sewer with an inside diameter of 450 mm (Manning n = 0.013) must reach a self-cleansing velocity of 1.2 m/s when flowing just full. Find the minimum slope S (in m/m).
D = 450 mmn = 0.013V = 1.2 m/s
S = m/m
23.Pumps & pump powerMedium
A pump delivers 60 L/s of water (ρ = 1000 kg/m³) against a head of 48 m. The pump efficiency is 72% and the electric motor driving it has an efficiency of 90%. Use g = 9.81 m/s². Find the electrical power Pel the motor draws, in kW.
A pump moves 60 L/s of water (ρ = 1000 kg/m³) from an open lower reservoir to an upper tank whose water surface is 19 m higher. The pipe is 150 m long with an inside diameter of 200 mm and a Darcy friction factor f = 0.025; the minor-loss coefficients add up to ΣK = 8 (entrance and exit included). Use g = 9.81 m/s². The pump efficiency is 72%. Find the shaft power Pshaft in kW.
You need €20 000 in 7 years. An account pays 2% per year, compounded quarterly. How much must you deposit today? Find the present value PV.
FV = €20 0002% / 4n = 7
PV = €
26.Time value of moneyHard
You save €250 at the end of every month for 7 years. The account pays 3.6% per year, compounded monthly. How much have you saved at the end? Find FV.
A = €2503.6% / 12N = 84
FV = €
27.NPV & IRRMedium
An investment of €45 000 gives these cash flows at the end of years 1 to 4: €11 000, €10 000, €17 000, €11 000. The cost of capital is 8%. Find the net present value NPV.
A project costs €25 000 and returns €14 500, €10 500, €10 000 at the end of years 1 to 3. Cash flows can be reinvested at the cost of capital of 10%. Find the modified internal rate of return MIRR in percent.
X is normal with mean 60 s and standard deviation 5 s; Y is independent and normal with mean 45 s and standard deviation 4 s. Find the probability P that X + Y is more than 113 s. Round z to two decimals.
μX = 60, σX = 5μY = 45, σY = 4X + Y > 113 s
P =
30.Normal distributionHard
The heights of adult men are normally distributed with mean 178 cm and standard deviation 7 cm. Drag the cut-off so the shaded top 85% is to the right of it. Find the cut-off x.
μ = 178 cmσ = 7 cm85%
x = cm
3Solutions
1.Beam support reactions
Answer: RA = 14.5 kN
Static equilibrium: a body at rest has ΣFx = 0, ΣFy = 0 and ΣM = 0 about any point. Taking moments about one support removes that support’s reaction from the equation.
Free-body diagram
Replace the supports with reaction forces. A roller gives one vertical reaction; with only vertical loads the pin gives one vertical reaction too.
Equilibrium
Moments about A, counter-clockwise positive. Then vertical force balance.
ΣMA = 0: RB·5 = 10·1.5 + 25·3.5
RB = 102.5/5 = 20.5 kN
ΣFy = 0: RA = 35 − 20.5 = 14.5 kN
Answer
RA = 14.5 kN
2.Beam support reactions
Answer: RB = 30 kN
Static equilibrium: a body at rest has ΣFx = 0, ΣFy = 0 and ΣM = 0 about any point. Taking moments about one support removes that support’s reaction from the equation.
Free-body diagram
Replace the supports with reaction forces. A roller gives one vertical reaction; with only vertical loads the pin gives one vertical reaction too.
Equilibrium
Moments about A, counter-clockwise positive. Then vertical force balance.
UDL resultant: W = w·ℓ = 10·3 = 30 kN, acting at x̄ = 1.5 m
ΣMA = 0: RB·4 = 50·1.5 + 10·3·1.5
RB = 120/4 = 30 kN
ΣFy = 0: RA = 80 − 30 = 50 kN
Answer
RB = 30 kN
3.Truss: method of joints
Answer: member CG
Zero-force members: at a joint, the forces must balance in every direction. If a joint has no load and no support, and two of its three members are in line, then the balance across that line involves only the third member, so its force is zero. If only two members meet at an unloaded joint and they are not in line, both are zero.
Joint G
FG and GH lie on one straight line and the joint carries no load. Balancing forces across that line leaves only CG.
ΣF⊥ = 0 → FCG = 0
Check with the method of joints
Solving all joints gives these member forces (T = tension, C = compression).
Zero-force members: at a joint, the forces must balance in every direction. If a joint has no load and no support, and two of its three members are in line, then the balance across that line involves only the third member, so its force is zero. If only two members meet at an unloaded joint and they are not in line, both are zero.
Joint C
BC and CD lie on one straight line and the joint carries no load. Balancing forces across that line leaves only CG.
ΣF⊥ = 0 → FCG = 0
Check with the method of joints
Solving all joints gives these member forces (T = tension, C = compression).
Largest bending moment: M changes slope wherever the shear force changes, so its peaks sit where the shear force crosses zero: under a point load, inside a distributed load, or over a support of an overhang. At a fixed support of a cantilever the moment is largest at the wall. Compare the size of M at those places, sagging or hogging.
Support reactions
Take moments about one support, then use the vertical force balance.
R1 = 63.33 kN, R2 = 36.67 kN
Bending moment at every mark
Sum the moments of all forces on one side of the cut. Sagging is positive, hogging negative.
MA = 0, MB = 59.33, MC = 110.7 kN·m, MD = 94, ME = 69.33, MF = 36.67, MG = 0
Answer
Mark C: MC = 110.7 kN·m
6.Shear force & bending moment
Answer: Mx = 32.81 kN·m
Method of sections: cut the beam where you want the internal forces and keep one side. The shear force V balances the vertical forces on that side, and the bending moment M balances their moments about the cut.
Support reactions
Equilibrium of the whole beam.
UDL resultant: W = w·ℓ = 5·4 = 20 kN, acting at x̄ = 2 m
ΣMA = 0: RB·4 = 25·1.5 + 5·4·2
RB = 77.5/4 = 19.38 kN
ΣFy = 0: RA = 45 − 19.38 = 25.63 kN
Cut at x = 1.5 m and keep the left part
Only forces left of the cut appear. A UDL portion acts as one force at the middle of that portion.
M = RA·x − (each load left of the cut × its distance to the cut)
Mx = 25.63·1.5 − 5·1.5·0.75 = 32.81 kN·m
Answer
Mx = 32.81 kN·m
7.Beam deflection
Answer: δmax = 3.571 mm
Beam deflection: deflections come from integrating the curvature M/(EI) twice. Standard cases are tabulated, for example PL³/(3EI) for a cantilever with an end load and 5wL⁴/(384EI) for a simply supported beam under a full uniform load. Deflections from separate loads add (superposition).
Consistent units
Work in N and mm: P in N, w in N/mm (kN/m = N/mm), L in mm, E in N/mm² (GPa × 1000), I in mm⁴.
w = 12 N/mm, L = 4000 mm
EI = 1.12 × 10¹³ N·mm²
Deflection
δmax = 5wL⁴/(384EI) = 5·12·4000⁴/(384·1.12 × 10¹³) = 3.571 mm
Answer
δmax = 3.571 mm
8.Beam deflection
Answer: hreq = 223.6 mm
Beam deflection: deflections come from integrating the curvature M/(EI) twice. Standard cases are tabulated, for example PL³/(3EI) for a cantilever with an end load and 5wL⁴/(384EI) for a simply supported beam under a full uniform load. Deflections from separate loads add (superposition).
Consistent units
Work in N and mm: P in N, w in N/mm (kN/m = N/mm), L in mm, E in N/mm² (GPa × 1000), I in mm⁴.
bh³/12 = Ireq → h = (12·1.165 × 10⁸/125)1/3 = 223.6 mm
Answer
hreq = 223.6 mm
In practice, choose the next standard depth above this value.
9.Column buckling
Answer: Pcr = 139.5 kN
Euler buckling: a slender column becomes unstable at Pcr = π²EI/(KL)², where KL is the effective length: K = 1 for pinned–pinned, 2 for fixed–free, 0.7 for fixed–pinned and 0.5 for fixed–fixed. It buckles about the axis with the smallest I. The formula holds for slender columns, whose critical stress stays below the yield stress.
Euler buckling: a slender column becomes unstable at Pcr = π²EI/(KL)², where KL is the effective length: K = 1 for pinned–pinned, 2 for fixed–free, 0.7 for fixed–pinned and 0.5 for fixed–fixed. It buckles about the axis with the smallest I. The formula holds for slender columns, whose critical stress stays below the yield stress.
Smallest second moment of area
A round section has the same I about every axis.
I = πd⁴/64 = π·40⁴/64 = 125664 mm⁴
Radius of gyration and slenderness
A = 1257 mm²
r = √(I/A) = √(125664/1257) = 10 mm
KL = 1·2000 = 2000 mm
KL/r = 2000/10 = 200
Critical stress
σcr = π²E/(KL/r)² = π²·200000/200² = 49.35 MPa
Answer
σcr = 49.35 MPa
11.Centroid & second moment of area
Answer: Ix = 229.4 × 10⁶ mm⁴
Sections with holes: treat a hole as a negative area. The centroid is ȳ = (A₁y₁ − A₂y₂)/(A₁ − A₂), with A₁, y₁ for the full plate and A₂, y₂ for the hole. For the second moment of area about the centroidal axis, use the parallel-axis theorem for each part and subtract the hole: I = (Ic1 + A₁d₁²) − (Ic2 + A₂d₂²), where d is the distance from each part's own centroid to the axis through ȳ. A rectangle has Ic = bh³/12 and a circle Ic = πd⁴/64.
Centroid
ȳ = (48000·120 − 706.9·156)/(48000 − 706.9) = 119.5 mm
Full plate about ȳ
200·240³/12 + 48000·0.5381² = 230.4 × 10⁶ mm⁴
Hole about ȳ
π·30⁴/64 + 706.9·36.54² = 0.9834 × 10⁶ mm⁴
Subtract
Ix = 229.4 × 10⁶ mm⁴
Answer
Ix = 229.4 × 10⁶ mm⁴
12.Centroid & second moment of area
Answer: Ix = 98.83 × 10⁶ mm⁴
Sections with holes: treat a hole as a negative area. The centroid is ȳ = (A₁y₁ − A₂y₂)/(A₁ − A₂), with A₁, y₁ for the full plate and A₂, y₂ for the hole. For the second moment of area about the centroidal axis, use the parallel-axis theorem for each part and subtract the hole: I = (Ic1 + A₁d₁²) − (Ic2 + A₂d₂²), where d is the distance from each part's own centroid to the axis through ȳ. A rectangle has Ic = bh³/12 and a circle Ic = πd⁴/64.
Centroid
ȳ = (30000·100 − 1200·70)/(30000 − 1200) = 101.3 mm
Full plate about ȳ
150·200³/12 + 30000·−1.25² = 100 × 10⁶ mm⁴
Hole about ȳ
60·20³/12 + 1200·−31.25² = 1.212 × 10⁶ mm⁴
Subtract
Ix = 98.83 × 10⁶ mm⁴
Answer
Ix = 98.83 × 10⁶ mm⁴
13.Effective stress in soil
Answer: σ′ = 68.64 kPa
Effective stress (Terzaghi): the soil skeleton carries σ′ = σ − u. The total stress σ is the weight of everything above the point, Σγ·h, using the dry unit weight above the water table and the saturated unit weight below it. Below the water table the pore water pressure is hydrostatic: u = γw·(depth below the water table).
Total stress
Add the weight of each soil band above X. Above the water table use the dry unit weight, below it the saturated one.
Water pressure grows with depth below the water table.
u = γw·(z − zw) = 9.81·6 = 58.86 kPa
Effective stress
σ′ = σ − u = 127.5 − 58.86 = 68.64 kPa
Answer
σ′ = 68.64 kPa
14.Effective stress in soil
Answer: u = 29.43 kPa
Effective stress (Terzaghi): the soil skeleton carries σ′ = σ − u. The total stress σ is the weight of everything above the point, Σγ·h, using the dry unit weight above the water table and the saturated unit weight below it. Below the water table the pore water pressure is hydrostatic: u = γw·(depth below the water table).
Pore water pressure
Water pressure grows with depth below the water table.
u = γw·(z − zw) = 9.81·3 = 29.43 kPa
Answer
u = 29.43 kPa
15.Consolidation settlement
Answer: S = 58.86 mm
Primary consolidation of a clay layer of thickness H, using the effective stress at the middle of the layer: σ′f = σ′0 + Δσ. Normally consolidated clay: S = Cc·H/(1 + e0)·log₁₀(σ′f/σ′0). Overconsolidated clay recompresses along Cr up to the preconsolidation pressure σ′p and follows Cc only beyond it. Time: t = Tv·Hdr²/cv, where the drainage path Hdr is H/2 when water can leave at the top and bottom, and H when only one side drains.
Preconsolidation pressure
σ′p = OCR·σ′0 = 2.5·90 = 225 kPa
Compare with the preconsolidation pressure
σ′f = 90 + 160 = 250 kPa > 225 kPa
Settlement
Recompression up to σ′p, virgin compression beyond it.
S = 0.06·3/(1 + 0.8)·log₁₀(225/90) + 0.25·3/(1 + 0.8)·log₁₀(250/225)
S = 39.79 + 19.07 = 58.86 mm
Answer
S = 58.86 mm
16.Consolidation settlement
Answer: t = 5014 days
Primary consolidation of a clay layer of thickness H, using the effective stress at the middle of the layer: σ′f = σ′0 + Δσ. Normally consolidated clay: S = Cc·H/(1 + e0)·log₁₀(σ′f/σ′0). Overconsolidated clay recompresses along Cr up to the preconsolidation pressure σ′p and follows Cc only beyond it. Time: t = Tv·Hdr²/cv, where the drainage path Hdr is H/2 when water can leave at the top and bottom, and H when only one side drains.
Drainage paths
Hdr,lab = 20/2 = 10 mm = 0.01 m
Hdr,field = 9.5 m
Scale the time
t = Tv·Hdr²/cv with the same T_v and cv in the lab and the field.
tfield = 8·(9.5/0.01)² = 7.22 × 10⁶ min
tfield = 7.22 × 10⁶/1440 = 5014 days
Answer
t = 5014 days
17.Hydrostatic force
Answer: F = 68.67 kN
Hydrostatic force on a plane surface: F = ρ·g·yc·A. It acts at the centre of pressure, ycp = yc + Ic/(ycA), which always lies below the centroid.
Centroid depth and area
yc = d + H/2 = 2.5 + 2/2 = 3.5 m
A = H·b = 2·1 = 2 m²
Resultant force
F = ρ·g·yc·A = 1000·9.81·3.5·2 = 68.67 kN
Answer
F = 68.67 kN
18.Hydrostatic force
Answer: F = 8.633 kN
Hydrostatic force on a plane surface: F = ρ·g·yc·A. It acts at the centre of pressure, ycp = yc + Ic/(ycA), which always lies below the centroid.
Centroid depth and area
yc = d + H/2 = 0.5 + 1/2 = 1 m
A = H·b = 1·1 = 1 m²
Resultant force
F = ρ·g·yc·A = 880·9.81·1·1 = 8.633 kN
Answer
F = 8.633 kN
19.Pipe friction & head loss
Answer: hf = 3.636 m
Pipe flow: the Reynolds number Re = V·D/ν = ρ·V·D/μ tells laminar flow (Re below about 2000) from turbulent flow (above about 4000). Friction along a pipe costs the Darcy–Weisbach head loss hf = f·(L/D)·V²/(2g). Fittings, valves, the entrance and the exit add minor losses hm = ΣK·V²/(2g). Between two open reservoir surfaces the energy equation gives Δz = hf + hm, with the exit loss K = 1 included.
Mean velocity
A = π·0.2²/4 = 0.03142 m²
V = Q/A = 0.04/0.03142 = 1.273 m/s
Velocity head
V²/(2g) = 1.273²/(2·9.81) = 0.08263 m
Darcy–Weisbach
hf = f·(L/D)·V²/(2g) = 0.022·(400/0.2)·1.273²/(2·9.81) = 3.636 m
Answer
hf = 3.636 m
20.Pipe friction & head loss
Answer: Δz = 1.925 m
Pipe flow: the Reynolds number Re = V·D/ν = ρ·V·D/μ tells laminar flow (Re below about 2000) from turbulent flow (above about 4000). Friction along a pipe costs the Darcy–Weisbach head loss hf = f·(L/D)·V²/(2g). Fittings, valves, the entrance and the exit add minor losses hm = ΣK·V²/(2g). Between two open reservoir surfaces the energy equation gives Δz = hf + hm, with the exit loss K = 1 included.
Velocity
V = Q/A = 0.05/0.04909 = 1.019 m/s
V²/(2g) = 0.05288 m
Loss coefficients
f·L/D = 0.015·400/0.25 = 24
ΣK = 0.5 + 3·0.3 + 10 + 1.0 = 12.4
Total head loss
hf = 24·0.05288 = 1.269 m
hm = 12.4·0.05288 = 0.6557 m
Δz = hf + hm = 1.925 m
Answer
Δz = 1.925 m
21.Open-channel flow (Manning)
Answer: Q = 16.73 m³/s
Manning’s equation (SI): for uniform flow in an open channel V = (1/n)·R2/3·S1/2 and Q = A·V, with n the roughness coefficient, S the bed slope (m/m) and R = A/P the hydraulic radius: flow area divided by wetted perimeter. Only the boundary in contact with the water counts in P, not the free surface. Rectangle: A = b·y, P = b + 2y. Trapezoid with side slopes z:1 (horizontal:vertical): A = (b + z·y)·y, P = b + 2y·√(1 + z²). A circular pipe flowing full or half full has R = D/4.
Geometry
A = (b + z·y)·y = (4 + 1.5·1.5)·1.5 = 9.375 m²
P = b + 2y·√(1 + z²) = 4 + 2·1.5·√(1 + 1.5²) = 9.408 m
R = A/P = 0.9965 m
Velocity
V = (1/0.025)·0.99652/3·0.0021/2 = 1.785 m/s
Flow rate
Q = A·V = 9.375·1.785 = 16.73 m³/s
Answer
Q = 16.73 m³/s
22.Open-channel flow (Manning)
Answer: S = 0.004481 m/m
Manning’s equation (SI): for uniform flow in an open channel V = (1/n)·R2/3·S1/2 and Q = A·V, with n the roughness coefficient, S the bed slope (m/m) and R = A/P the hydraulic radius: flow area divided by wetted perimeter. Only the boundary in contact with the water counts in P, not the free surface. Rectangle: A = b·y, P = b + 2y. Trapezoid with side slopes z:1 (horizontal:vertical): A = (b + z·y)·y, P = b + 2y·√(1 + z²). A circular pipe flowing full or half full has R = D/4.
Hydraulic radius
R = D/4 = 0.45/4 = 0.1125 m
Solve Manning for S
S = (n·V/R2/3)² = (0.013·1.2/0.233)² = 0.004481
Answer
S = 0.004481
That is a fall of 4.481 m per kilometre.
23.Pumps & pump power
Answer: Pel = 43.6 kW
Pump power: the power given to the water is the hydraulic power Ph = ρ·g·Q·H = Q·Δp. The shaft must deliver more because the pump loses some: Pshaft = Ph/ηpump, and the motor draws Pel = Pshaft/ηmotor. The pump head H follows from the energy equation: static lift + pressure head + all friction and minor losses.
Hydraulic power
Ph = ρ·g·Q·H = 1000·9.81·0.06·48 = 28.25 kW
Shaft power
Pshaft = 28.25/0.72 = 39.24 kW
Electrical power
Pel = 39.24/0.9 = 43.6 kW
Answer
Pel = 43.6 kW
24.Pumps & pump power
Answer: Pshaft = 19.6 kW
Pump power: the power given to the water is the hydraulic power Ph = ρ·g·Q·H = Q·Δp. The shaft must deliver more because the pump loses some: Pshaft = Ph/ηpump, and the motor draws Pel = Pshaft/ηmotor. The pump head H follows from the energy equation: static lift + pressure head + all friction and minor losses.
Time value of money: money today is worth more than the same amount later, because it can earn interest. With interest rate i per period, an amount grows as FV = PV·(1 + i)n. A series of equal payments (an annuity) is valued by adding up each payment, which gives the annuity formulas.
Rate and number of periods
i = 0.02/4 = 0.005
N = 4·7 = 28
Present value
PV = FV/(1 + i)N = 20 000/1.15 = €17 393.23
Answer
PV = €17 393.23
26.Time value of money
Answer: FV = 23843 €
Time value of money: money today is worth more than the same amount later, because it can earn interest. With interest rate i per period, an amount grows as FV = PV·(1 + i)n. A series of equal payments (an annuity) is valued by adding up each payment, which gives the annuity formulas.
You paid in €21 000 yourself; the rest is interest.
27.NPV & IRR
Answer: NPV = −4661 €
Net present value: discount every cash flow back to today with the required rate of return r, then add them up: NPV = Σ CFₜ/(1 + r)ᵗ. A project with NPV > 0 earns more than r and adds value. The internal rate of return (IRR) is the rate at which NPV = 0.
Present value of each cash flow
CF0 = −45 000
CF1/(1 + 0.08)1 = 11 000/1.08 = 10 185.19
CF2/(1 + 0.08)2 = 10 000/1.166 = 8 573.39
CF3/(1 + 0.08)3 = 17 000/1.26 = 13 495.15
CF4/(1 + 0.08)4 = 11 000/1.36 = 8 085.33
Add them up
NPV = €−4 660.95
Answer
NPV = €−4 660.95
NPV is negative, so the project earns less than the required return.
28.NPV & IRR
Answer: MIRR = 16.07 %
Modified IRR: compound every inflow forward to the end of the project at the reinvestment rate (usually the cost of capital) to get the terminal value TV. MIRR is the rate that turns the initial investment into TV: MIRR = (TV/C₀)^(1/n) − 1.
Terminal value of the inflows
14 500·1.12 = 17 545.00
10 500·1.11 = 11 550.00
10 000·1.10 = 10 000.00
TV = 39 095.00
MIRR
MIRR = (39 095.00/25 000)1/3 − 1 = 16.07%
Answer
MIRR = 16.07%
29.Normal distribution
Answer: P = 0.1056
Sums and differences of normal variables: if X and Y are independent and normal, X + Y and X − Y are normal too. Means add or subtract: E(X ± Y) = μX ± μY. Variances always add, also for a difference: Var(X ± Y) = σX² + σY², so σ = √(σX² + σY²). Standard deviations never add directly. The total of n independent items with the same distribution has mean n·μ and standard deviation σ·√n. Then standardise as usual: z = (x − mean)/σ and read Φ(z).
Distribution of the sum
μ = 105 s, σ = √(5² + 4²) = 6.403 s
Standardise
z = (113 − 105)/6.403 = 1.25
Upper tail
P = 1 − Φ(1.25) = 1 − 0.8944 = 0.1056
Answer
P = 0.1056
30.Normal distribution
Answer: x = 170.7 cm
From an area back to z: Φ(z) is the area to the left of z. For a left-tail area A, find z with Φ(z) = A in the table. A right-tail area A means Φ(z) = 1 − A. A central area A between −z and z leaves (1 − A)/2 in each tail, so Φ(z) = (1 + A)/2. For a value x, use x = μ + zσ.
Area to the left
Φ(z) = 0.15
z from the table
z ≈ −1.04
Back to the original units
x = 178 − 1.04·7 = 170.7 cm
Answer
x = 170.7 cm
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