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Engineering
Civil Engineering
Calculate the formwork material cost per use, given the following:Purchase cost  = $25/sf; gross area of forms for each use = 4,000 sf x 1.15 = 4,600 sfExpected to be used for five years, 60 times each yearSalvage value = 10%Annual interest rate = 6%

Calculate the formwork material cost per use, given the following:Purchase cost  = $25/sf; gross area of forms for each use = 4,000 sf x 1.15 = 4,600 sfExpected to be used for five years, 60 times each yearSalvage value = 10%Annual interest rate = 6%

Architectural Drafting and Design (MindTap Course List)
Architectural Drafting and Design (MindTap Course List)
7th Edition
ISBN:9781285165738
Author:Alan Jefferis, David A. Madsen, David P. Madsen
Publisher:Alan Jefferis, David A. Madsen, David P. Madsen
Chapter7: Construction Procedures
Section: Chapter Questions
Problem 7.15P
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Calculate the formwork material cost per use, given the following:
Purchase cost  = $25/sf; gross area of forms for each use = 4,000 sf x 1.15 = 4,600 sf
Expected to be used for five years, 60 times each year
Salvage value = 10%
Annual interest rate = 6%

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