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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 17
The cost of a border fence is $3 million per mile. If the life of such a fence is assumed to be 10 years, the equivalent annual cost of a 10-mile-long fence at an interest rate of 10% per year is closest to:
a) $3.6 million
b) $4.2 million
c) $4.9 million
d) Over $5.0 million
a) $3.6 million
b) $4.2 million
c) $4.9 million
d) Over $5.0 million
Explanation
Verified
Verified
Given information:
• Cost of border fen...
Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
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