EGG 307 HW 3 - Solutions: 4-71 Profit = ($0.08/gal)(20,000...

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EGG 307: Engineering Economics – Homework No. 3 Solutions Spring 2009 Problems : 4-27; 4-37; 4-39; 4-42; 4-57; 4-59; 4-64; 4-69; 4-71. Notes: (1) For Problem 4-59 , answer only parts (a) and (b). (2) For Problem 4-64 :.Hint: The annual payments A 1 for the first 4 years should result in a loan balance of ½ of $10,000 at end of year 4. (3) For Problem 4-69 , answer only part (a).
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Unformatted text preview: Solutions: 4-71 Profit = ($0.08/gal)(20,000 gal/mo) = $1,600/month $1,600 (P/A, 1%, N) = $30,000 1,600 + + N N ) . ( . ) . ( 01 1 01 1 01 1 = 30,000 N . 01 1 1 1 = 30,000x0.01/1,600 = 0.1875 N ln(1.01) = ln 1875 1 1 . N = 20.9 21 months $721.50...
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This note was uploaded on 07/13/2009 for the course EGG a taught by Professor Dr.kaseko during the Spring '09 term at University of Nevada, Las Vegas.

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