The owner of the quarry signs a contract to sell his stone on the following basis The purchaser is to remove the stone from a certain portion of the pit according to a fixed schedule a volume, price , and time. The contract is run 18 years as follows. Eight years excavating a total of 20, 000 m per year at 10 P per meter, the remaining ten years, excavating a total of 59, 000 m per year at 15 per meter. On the basis of equal year end payments during each period by the purchaser, what is the present worth of the pit to the owner on the basis of 15% interest? BI三= == E134Cah Price150,000+369,567.0400%3DCah Price = 519,567.0400976. The owner of the quarry signs a contract to sell his stone on the following basis. Thepurchaser is to remove the stone from a certain portion of the pit according to a fixed scheduleof volume, price and time. The contract is to run 18 years as follows. Eight years excavating atotal of 20,000 m per year at 10P per meter, the remaining ten years, excavating a total of50,000 m per year at 15P per meter. On the basis of equal year end payments during eachperiod by the purchaser, what is the present worth of the pit to the owner on the basis of 15%interest?Answer:Given:HUAWEI!!

Answered: Image /qna-images/answer/75967dac-8afd-4d1d-a8a9-abac3ff62325.jpg

The owner of the quarry signs a contract to sell his stone on the following basis The purchaser is to remove the stone from a certain portion of the pit according to a fixed schedule a volume, price , and time. The contract is run 18 years as follows. Eight years excavating a total of 20, 000 m per year at 10 P per meter, the remaining ten years, excavating a total of 59, 000 m per year at 15 per meter. On the basis of equal year end payments during each period by the purchaser, what is the present worth of the pit to the owner on the basis of 15% interest?

The owner of the quarry signs a contract to sell his stone on the following basis The purchaser is to remove the stone from a certain portion of the pit according to a fixed schedule a volume, price , and time. The contract is run 18 years as follows. Eight years excavating a total of 20, 000 m per year at 10 P per meter, the remaining ten years, excavating a total of 59, 000 m per year at 15 per meter. On the basis of equal year end payments during each period by the purchaser, what is the present worth of the pit to the owner on the basis of 15% interest?

Fundamentals Of Construction Estimating

4th Edition

ISBN:9781337399395

Author:Pratt, David J.

Publisher:Pratt, David J.

Chapter9: Pricing Construction Equipment

Section: Chapter Questions

Problem 5RQ

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