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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 24
Construction equipment has a cost today of $40,000. If its cost has increased only by the inflation rate of 6% per year, when the market interest rate was 10% per year, its cost 10 years ago was closest to:
a) $15,420
b) $22,335
c) $27,405
d) $71,630
a) $15,420
b) $22,335
c) $27,405
d) $71,630
Explanation
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Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
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