Maurice Tutor

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    Argosy University/ Phoniex University/
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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 21 Mar 2018 My Price 4.00

highway project

A highway project is expected to cost $1,500,000 initially. The annual operating and maintenance cost after the first year is $2000 and will increase by $250 each year for the next 10 years. At the end of the fifth year, the project must be resurfaced at a cost of $300,000.

(a) Calculate the present worth of costs for this project if the annual interest rate is 8%.

(b) Convert the value obtained in (a) to equivalent uniform annual costs.

 

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Maurice Tutor
(5)
Status NEW Posted 21 Mar 2018 02:03 AM My Price 4.00

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