ENGINEERING ECONOMY W/CNCT ACCESS
ENGINEERING ECONOMY W/CNCT ACCESS
8th Edition
ISBN: 9781260933505
Author: Blank
Publisher: MCG
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Chapter 1, Problem 61APQ
To determine

Calculate the interest rate.

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Chemical costs associated with a packed-bed flue gas incinerator for odor control have been decreasing uniformly for 5 years because of increases in efficiency. If the cost in year 1 was $100,000 and it decreased by $5,000 per year through year 5, the present worth of the costs at 10% per year is closest to: (a) $344, 771 (b) $402, 200 (c) $515, 400 (d) $590, 700 (e) None of the above a b C d e
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