7 Income from a precious metals mining operation has been decreasing uniformly for 5 years. If income in year 1 was $300,000 and it decreased by $30,000 per year through year 4, the annual worth of the income at 10% per year is closest to: (a) $310,500 (b) $258,600 (c) $203,900 (d) $164,800

7 Income from a precious metals mining operation has been decreasing uniformly for 5 years. If income in year 1 was $300,000 and it decreased by $30,000 per year through year 4, the annual worth of the income at 10% per year is closest to: (a) $310,500 (b) $258,600 (c) $203,900 (d) $164,800

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

I need to solve this question in Engineering economics

7 Income from a precious metals mining operation has
been decreasing uniformly for 5 years. If income in year
1 was $300,000 and it decreased by $30,000 per year
through year 4, the annual worth of the income at 10%
per year is closest to:
(a) $310,500
(b) $258,600
(c) $203,900
(d) $164,800

Application of economic techniques to the evaluation of design and engineering alternatives. The role of engineering economics is to assess the appropriateness of a given project, estimate its value, and justify it from an engineering standpoint.

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