Q2/A pre-cast concrete factory was purch an advance, and the rest of the amount will be paid in the form of annual installments for five years, the value of each installment (17,000 $) If you know that the interest (8%) find the purchase price for the factory.

Q2/A pre-cast concrete factory was purch an advance, and the rest of the amount will be paid in the form of annual installments for five years, the value of each installment (17,000 $) If you know that the interest (8%) find the purchase price for the factory.

Structural Analysis

6th Edition

ISBN:9781337630931

Author:KASSIMALI, Aslam.

Publisher:KASSIMALI, Aslam.

Chapter2: Loads On Structures

Section: Chapter Questions

Problem 1P

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Concept explainers

Pricing Construction Equipment

Pricing construction equipment means estimating the cost of operation of all the construction equipment used in a construction project. The pricing is done based on two factors – ownership cost and operating cost of the equipment. Thorough knowledge of the ownership and operating costs is necessary for proper project management and executing profitable construction.

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Q2/A pre-cast concrete factory was purchased with a value of (1,500,000 $) paid as
an advance, and the rest of the amount will be paid in the form of annual installments
for five years, the value of each installment (17,000 $) If you know that the interest
rate is (8%), find the purchase price for the factory.

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