3. The generator set requires no maintenance until the end of 2 years when 60,000 will be needed for repairs. After this, 90,000 will be needed for repairs at the end of each year for 5 years, then 120,000 at the end of each year for the next 5 years. If money is worth 14% compounded annually, what was the equivalent uniform annual cost for the 12 year period? (Show solution) a. 97, 246 b. 79, 246 c. 72, 946 d. 67, 246

3. The generator set requires no maintenance until the end of 2 years when 60,000 will be needed for repairs. After this, 90,000 will be needed for repairs at the end of each year for 5 years, then 120,000 at the end of each year for the next 5 years. If money is worth 14% compounded annually, what was the equivalent uniform annual cost for the 12 year period? (Show solution) a. 97, 246 b. 79, 246 c. 72, 946 d. 67, 246

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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