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Contemporary Engineering Economics 6th Edition by Chan Park
Edition 6ISBN: 978-0134105598Contemporary Engineering Economics 6th Edition by Chan Park
Edition 6ISBN: 978-0134105598 Exercise 39
A city engineer has estimated the annual toll revenues from a newly proposed highway construction over 20 years as follows:
A n = ($2,000,000)( n )(1.06) n 1
n = 1,2,...,20
To validate the bond, the engineer was asked to present the estimated total present value of toll revenue at an interest rate of 6%. Assuming annual compounding, find the present value of the estimated toll revenue.
A n = ($2,000,000)( n )(1.06) n 1
n = 1,2,...,20
To validate the bond, the engineer was asked to present the estimated total present value of toll revenue at an interest rate of 6%. Assuming annual compounding, find the present value of the estimated toll revenue.
Explanation
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Contemporary Engineering Economics 6th Edition by Chan Park
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