Question 7 A toll way was built in 2002 -2004 at annual construction cost of $10 million in which the budget came from Bank Loan at interest rate of 9%. In 2005 the toll way was operated for consesion period of 20 years. If the revenue for each vehicle is $0.5, calculated minimum annual vehicle that shoud enter the toll way. (find the closest value from the following option) O a 7,055,560 O b 7,182,100 7,082,100 7,325,270

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
icon
Related questions
Question
Question 7
A toll way was built in 2002 - 2004 at annual construction cost of $10 million in which the budget came from Bank Loan at interest rate of 9%.
In 2005 the toll way was operated for consesion period of 20 years.
If the revenue for each vehicle is $0.5, calculated minimum annual vehicle that shoud enter the toll way. (find the closest value from the
following option)
O a
7,055,560
O b
7,182,100
O c
7,082,100
7,325,270
Question 8
A new house is sold by monthly instalment payment for 36 month, in which customer should pay down Payment of 5 milion and monthly
payment of 1 million at mothly interest rate of 2%.
A customer has been paid for 30 month and then stop the payment. If the customer want to finish his loan at 36 month, the payment he
should do at 36 month is ... (find the closest value from the following choice)
a
5.204 million
O b
6.508 million
7.434 million
6.308 million
Transcribed Image Text:Question 7 A toll way was built in 2002 - 2004 at annual construction cost of $10 million in which the budget came from Bank Loan at interest rate of 9%. In 2005 the toll way was operated for consesion period of 20 years. If the revenue for each vehicle is $0.5, calculated minimum annual vehicle that shoud enter the toll way. (find the closest value from the following option) O a 7,055,560 O b 7,182,100 O c 7,082,100 7,325,270 Question 8 A new house is sold by monthly instalment payment for 36 month, in which customer should pay down Payment of 5 milion and monthly payment of 1 million at mothly interest rate of 2%. A customer has been paid for 30 month and then stop the payment. If the customer want to finish his loan at 36 month, the payment he should do at 36 month is ... (find the closest value from the following choice) a 5.204 million O b 6.508 million 7.434 million 6.308 million
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Tax Credit
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
Economics
ISBN:
9780190931919
Author:
NEWNAN
Publisher:
Oxford University Press
Principles of Economics (12th Edition)
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education