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)

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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Question

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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