6. An engineer has tracked the average inspection cost for 20 years. The cost average was steady at $9050 for the first five years but has increased consistently by $100 for each of the last 15 years. The interest rate is 5% annually. Tip: use tables and draw cash flow. d. What is the total present worth? e. What is the total future worth? f. What are the equivalent uniform payments?
6. An engineer has tracked the average inspection cost for 20 years. The cost average was steady at $9050 for the first five years but has increased consistently by $100 for each of the last 15 years. The interest rate is 5% annually. Tip: use tables and draw cash flow. d. What is the total present worth? e. What is the total future worth? f. What are the equivalent uniform payments?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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not use ai please
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