ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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7
Darnell Enterprises constructed an addition to its building at a cost of $73,000. Extra annual expenses are expected to be $1850, but
extra income will be $19,000 per year. How long will it take for the company to recover its investment at an interest rate of 10% per
year?
The time taken for the company to recover its investment is determined to be
Choose the spreadsheet function that determines np
a. Spreadsheet function: = NPER(10%, 17,150,-73,000) displays 6 years
b. Spreadsheet function: = NPER(10%, 18,815, -73,000) displays 4 years
c. a. Spreadsheet function: = NPER(10%, 17,150, -19,000) displays 4 years
d. a. Spreadsheet function: = NPER (10%, 18,815, -19,000) displays 6 years
The correct spreadsheet function is in option a
years.
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Transcribed Image Text:7 Darnell Enterprises constructed an addition to its building at a cost of $73,000. Extra annual expenses are expected to be $1850, but extra income will be $19,000 per year. How long will it take for the company to recover its investment at an interest rate of 10% per year? The time taken for the company to recover its investment is determined to be Choose the spreadsheet function that determines np a. Spreadsheet function: = NPER(10%, 17,150,-73,000) displays 6 years b. Spreadsheet function: = NPER(10%, 18,815, -73,000) displays 4 years c. a. Spreadsheet function: = NPER(10%, 17,150, -19,000) displays 4 years d. a. Spreadsheet function: = NPER (10%, 18,815, -19,000) displays 6 years The correct spreadsheet function is in option a years.
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