ENGINEERING ECONOMY W/CONNECT(LL)
ENGINEERING ECONOMY W/CONNECT(LL)
8th Edition
ISBN: 9781307168761
Author: Blank
Publisher: MCG/CREATE
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Chapter 2, Problem 8P
To determine

Calculate present value.

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Petroleum Products, Inc. is a pipeline company that provides petroleum products to wholesalers in the Northern United States and Canada. The company is considering purchasing insertion turbine flowmeters to provide better monitoring of pipeline integrity. If these meters prevent one major disruption (through early detection of product loss) valued at $600,000 four years from now, how much could the company afford to spend now at an interest rate of 12% per year?
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ENGINEERING ECONOMY W/CONNECT(LL)

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