
Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
Edition 7ISBN: 978-0073376301
Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
Edition 7ISBN: 978-0073376301 Exercise 41
In cleaning out some files that were left behind by the engineer who preceded you in your current job, you found an old report that had a calculation for the present worth of certain maintenance costs for state highways. The report contained the following equation (with cost in $1 million):
12{1 [(1 + 0.03)/(1 + 0.06)] x }/(0.06 0.03) = 140 The value of x that was used in the calculation was illegible. What is its value
12{1 [(1 + 0.03)/(1 + 0.06)] x }/(0.06 0.03) = 140 The value of x that was used in the calculation was illegible. What is its value
Explanation
The formula for calculating the present ...
Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
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