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E120: Principles of Engineering Economics
Midterm Exam
March 19, 2008
Ismail Ceylan
Name: ___________________________________________
(please print)
SID:
______________________
•
Clearly state all the mathematical expressions that are needed to solve the problems.
No credit
will be given to
numerical answers without the proper setup.
•
Answer each of the following questions in the space provided. If you need more space to show
major computations you performed to obtain your answer for a particular problem, use the back
of the preceding page.
•
Present your work in an organized and neat fashion.
Good Luck!
Problem
(points)
1
(40)
2
(30)
3
(35)
Total
(100 + 5 bonus)
Score
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View Full Document Problem 1 (40 points)
You have just graduated and have been offered the following job:
•
If you accept the offer, you will receive monthly salaries. The starting monthly salary is
$8,000 to be paid at the end of January 2009. The monthly salary will increase by 6
percent at the end of each year (So, you will receive 12 monthly salaries of $8,000 in
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This note was uploaded on 08/30/2008 for the course ENGIN 120 taught by Professor Ilan during the Spring '08 term at University of California, Berkeley.
 Spring '08
 ILAN

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