Flood damage in any year is given according to the following table. With your combined knowledge on probability and engineering economics, what is the present worth of flood damage for a ten year period? use 6% as the effective annual interest rate. Damage Probability 0 0.75 10,000 0.20 20,000 0.04 30,000 0.01
Flood damage in any year is given according to the following table. With your combined knowledge on probability and engineering economics, what is the present worth of flood damage for a ten year period? use 6% as the effective annual interest rate. Damage Probability 0 0.75 10,000 0.20 20,000 0.04 30,000 0.01
Engineering Fundamentals: An Introduction to Engineering (MindTap Course List)
5th Edition
ISBN:9781305084766
Author:Saeed Moaveni
Publisher:Saeed Moaveni
Chapter20: Engineering Economics
Section: Chapter Questions
Problem 3P
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Flood damage in any year is given according to the following table. With your combined knowledge on probability and engineering economics, what is the present worth of flood damage for a ten year period? use 6% as the effective annual interest rate.
Damage | Probability |
0 | 0.75 |
10,000 | 0.20 |
20,000 | 0.04 |
30,000 | 0.01 |
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