A contractor is computing the total price of his bid for a construction project . His initial outlay at the start of the project will be $ 50,000 . After that he figures that the project costs will increase by 4 % per year for the next three years after that . What should his bid price be ? Use i = 3 %
A contractor is computing the total price of his bid for a construction project . His initial outlay at the start of the project will be $ 50,000 . After that he figures that the project costs will increase by 4 % per year for the next three years after that . What should his bid price be ? Use i = 3 %
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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A contractor is computing the total price of his bid for a construction project . His initial outlay at the start of the project will be $ 50,000 . After that he figures that the project costs will increase by 4 % per year for the next three years after that . What should his bid price be ? Use i = 3 % .
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