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Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
Edition 7ISBN: 978-0073376301Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
Edition 7ISBN: 978-0073376301 Exercise 4
The cost of lighting and maintaining the tallest smokestack in the United States (at a shuttered ASARCO refi nery) is $90,000 per year. At an interest rate of 10% per year, the present worth of maintaining the smokestack for 10 years is closest to:
A) $1,015,000
B) $894,000
C) $712,000
D) $553,000
A) $1,015,000
B) $894,000
C) $712,000
D) $553,000
Explanation
Verified
Verified
A is annual payment,
n is number of yea...
Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
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