Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin

تمرين 50

Industrial Electric Services has a contract with the U.S. Embassy in Mexico to provide maintenance for scanners and other devices in the building. If the first payment of $12,000 is received now , what is the present worth of the contract, provided the company will receive a total of 10 payments (i.e., years 0 through 9) and the interest rate is 10% per year