EBK BASICS OF ENGINEERING ECONOMY
EBK BASICS OF ENGINEERING ECONOMY
2nd Edition
ISBN: 8220100255052
Author: Blank
Publisher: MCG
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Chapter 1, Problem 36P
To determine

The principal amount of the loan.

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TMI Systems, a company that customizes software for construction cost estimates, repaid a loan obtained 3 years ago at 14% per year simple interest. If the amount that TMI repaid was $200,000, calculate the principal of the loan.   The principal of the loan is $
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EBK BASICS OF ENGINEERING ECONOMY

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