Basics Of Engineering Economy
Basics Of Engineering Economy
2nd Edition
ISBN: 9780073376356
Author: Leland Blank, Anthony Tarquin
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Chapter 4, Problem 68APQ
To determine

Calculate the present value.

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1.28 Use economic equivalence to determine the amount of money or value of i that makes the following statements correct. (a) $5000 today is equivalent to $4275 exactly 1 year ago at i =% per year. (b) A car that costs $28,000 today will a year from now at i = cost $ 4% per year. (c) At i = 4% per year, a car that costs $28,000 now, would have cost $ one year ago.
10.An engineer who was contemplating retirement had $1.6 million in his investment portfolio. However, a severe recession caused his portfolio to decrease to only 55% of the original amount, so he kept working. If he was able to invest his money at a rate of return of 9% per year after the recession ended, how many years did it take for his account to get back to the $1.6 million value?
Qs 15: Which one of the following statement regarding Factor of Production is correct? (a) It is the input that a firm uses in the production process. (b) It is the output which is produced in the production process. (c) It is the additional input that is required to achieve the maximum output. (d) It is the ratio of the output to that of the input of the production process.

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Basics Of Engineering Economy

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