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Fundamentals of Engineering Economics 3rd Edition by Chan Park
Edition 3ISBN: 978-0132775427Fundamentals of Engineering Economics 3rd Edition by Chan Park
Edition 3ISBN: 978-0132775427 Exercise 1
An engineering design firm needs to borrow $300,000 from a local bank at an interest rate of 9% over five years. What is the required annual equal payment to retire the loan in five years?
Explanation
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Annual equal payments are made by the bo...
Fundamentals of Engineering Economics 3rd Edition by Chan Park
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