Edmund spent the following amounts for the maintenance of the machine she bought: Php 4,000 each year for the 1st five years, Php 6,000 each year for the next five years. In addition, he spent Php 15,000 for overhauling at the end of the 4th year and another Php 20,000 for overhauling at the end of the 8th year. If money is worth 6% compounded annually, what was the equivalent uniform annual cost for the 10-year period?

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A: A typical class diagram in payment system drawn by using rational rose software is as shown below

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A: Qualified product list:

Q: S15,000 years 6 through 9 $200,000 at year 5 $260,000 12 $20,000 years $270,000 at ye $200,000 10

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Engineering Economics Principles

Engineering economics (engineering economy) is a sub-field of economics to study the use and application of the economic principles in the engineering analysis of decisions along with the systematic evaluation of the advantages of project costs inclusive of engineering design and analysis. It emphasizes microeconomics (a subset of economics) for researching the behavior of people in the decision-making process of assigning and determining multiple alternatives to the usage of some of the restrained resources and merging economic theory and engineering practice in a practical manner. It depicts the logical framework of economics in addition to the analytical application of statistics and mathematics.