Calculate the formwork material cost per use, given the following:Purchase cost = $60/sf; area of forms for each use = 4,000 sf x 1.15 = 4,600 sfExpected to be used for five years, 55 times each yearSalvage value = 10%Annual interest rate = 6% Hint: USCRF(5,6%) = 0.237396; USSFF(5,6%) = 0.177396 Group of answer choices $1,102.28 $903.27 $1,221.41 $1,072.17
Calculate the formwork material cost per use, given the following:Purchase cost = $60/sf; area of forms for each use = 4,000 sf x 1.15 = 4,600 sfExpected to be used for five years, 55 times each yearSalvage value = 10%Annual interest rate = 6% Hint: USCRF(5,6%) = 0.237396; USSFF(5,6%) = 0.177396 Group of answer choices $1,102.28 $903.27 $1,221.41 $1,072.17
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
Related questions
Question
Calculate the formwork material cost per use, given the following:
Purchase cost = $60/sf; area of forms for each use = 4,000 sf x 1.15 = 4,600 sf
Expected to be used for five years, 55 times each year
Salvage value = 10%
Annual interest rate = 6%
Hint: USCRF(5,6%) = 0.237396; USSFF(5,6%) = 0.177396
Group of answer choices
$1,102.28
$903.27
$1,221.41
$1,072.17
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