Basics of Engineering Economy 2nd Edition by Anthony Tarquin,Leland Blank

Exercise 11

In 1999, the Office of the Under Secretary of Defense projected that the ENR Building Cost Index (BCI) uld increase from its 1999 value of 3423 to 4098 in 2012. If the actual value in 2012 was 5167, what was the difference between the projected and actual BCI annual inflation rates from 1999 to 2012