ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Question

Loadstar Sensors is a company that makes load/
force sensors based on capacitive sensing technology.
For a major plant expansion project, the company
wants to have $30 million 5 years from now.
If the company already has $15 million in an investment
account for the expansion, how much
more must the company add to the account now so
that it will have the $30 million 5 years from now?
The funds earn interest at the rate of 10% per year.

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