Please answer the given question. C.7. Calculate the amount of the toll per car for the first year to pay for a toll bridge with data asindicated. Assume EOY payments.cost new of toll bridge == $20,000,000traffic 20,000 vpd*, no increases=Hlife expectancy of toll bridge 25 yr, with zero salvage valueinterest rate= 12%Toll: assume the toll starts out at a comparatively low value ($C/vehicle) and is increasedevery year by 5 percent per year compounded.(Ans. $0.240/vehicle)*vpd = vehicles per day for 365 days per year.

Given; Cost of new toll bridge= $20000000 traffic= 20000 vpd Life expectancy of toll bridge= 25 year…

C.7. Calculate the amount of the toll per car for the first year to pay for a toll bridge with data as indicated. Assume EOY payments. cost new of toll bridge = $20,000,000 traffic 20,000 vpd*, no increases = life expectancy of toll bridge = 25 yr, with zero salvage value interest rate 12% Toll: assume the toll starts out at a comparatively low value ($C/vehicle) and is increased every year by 5 percent per year compounded. (Ans. $0.240/vehicle) vpd vehicles per day for 365 days per year.

C.7. Calculate the amount of the toll per car for the first year to pay for a toll bridge with data as indicated. Assume EOY payments. cost new of toll bridge = $20,000,000 traffic 20,000 vpd*, no increases = life expectancy of toll bridge = 25 yr, with zero salvage value interest rate 12% Toll: assume the toll starts out at a comparatively low value ($C/vehicle) and is increased every year by 5 percent per year compounded. (Ans. $0.240/vehicle) vpd vehicles per day for 365 days per year.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter17: Financial Markets

Section: Chapter Questions

Problem 5SCQ: Investors sometimes fear that a high-risk investment is especially likely to have low returns. Is...

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