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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 37
Energy costs for a green chemical treatment have been increasing uniformly for 5 years. If the cost in year 1 was $26,000 and it increased by $2000 per year through year 5, the present worth of the costs at an interest rate of 10% per year is closest to:
A) $102,900
B) $112,300
C) $122,100
D) $195,800
A) $102,900
B) $112,300
C) $122,100
D) $195,800
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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