Answered: . Irish is offered to invest in a…

Business

Economics

. Irish is offered to invest in a business firm that will make her money earn 6% compounded

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Engineering economics

4. Irish is offered to invest in a business firm that will make her money earn 6% compounded
bimonthly. How long will it take for her money to triple?

Application of economic techniques to the evaluation of design and engineering alternatives. The role of engineering economics is to assess the appropriateness of a given project, estimate its value, and justify it from an engineering standpoint.

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