please answer number 16:bes 221-engineering economics. please give detailed and correct answers. I will report to bartleby thos tutors who will give incorrect answers. It is the periodic compensation for the use of money; the amount of money paidfor the use of borrowed capital.O Annuity dueInterest rateO InterestPresent worth

The price of capital is called interest. Interest rate refers to the percent of the principal value…

Answered: It is the periodic compensation for the…

It is the periodic compensation for the use of money; the amount of money paid for the use of borrowed capital. Annuity due O Interest rate O Interest O Present worth

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 6SCQ: What is the total amount of interest from a 5,000 loan after three years with a simple interest rate...

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please answer number 16:bes 221-engineering economics. please give detailed and correct answers. I will report to bartleby thos tutors who will give incorrect answers.

It is the periodic compensation for the use of money; the amount of money paid
for the use of borrowed capital.
O Annuity due
Interest rate
O Interest
Present worth

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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