Basics Of Engineering Economy
Basics Of Engineering Economy
2nd Edition
ISBN: 9780073376356
Author: Leland Blank, Anthony Tarquin
Publisher: MCGRAW-HILL HIGHER EDUCATION
Question
Chapter 1, Problem 52P
To determine

Identify the engineering economics symbols.

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Lifetime Savings Accounts, known as LSAs, allow people to invest after-tax money without being taxed on any of the gains. If an engineer invests $10,000 now and $10,000 each year for the next 20 years, how much will be in the account immediately after the last deposit, provided the account grows by 10% per year?
An engineer who believes in “save now; play later” wants to retire in 30 years with $2.0 million. At 8% per year interest, the amount the engineer will have to invest each year (starting in year 1) to reach the $2 million goal is closest to: (a) $17,660 (b) $28,190 (c) $49,350 (d) $89,680
Vision Technologies, Inc. is a small company that uses ultra-wideband technology to develop devices that can detect objects (including people) inside of buildings, behind walls, or below ground. The company expects to spend $100,000 per year for labor and $125,000 per year for supplies before a product can be marketed. If the company wants to know the total equivalent future amount of the company’s expenses at the end of 3 years at 15% per year interest, identify the engineering economy symbols involved and the values for the ones that are given.

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Basics Of Engineering Economy

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