E120MidtermFall2006 - E-120: Principles of Engineering...

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E-120: Principles of Engineering Economics Midterm Exam I October 4, 2006 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 1 (40) 2 (30) 3 (35) Total (100 + 5 bonus) Score
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Problem 1 (40 points) You won the big prize in the California lottery and you have to choose one of the following two payment plans: Payment Plan 1 : If you choose this payment plan, you will receive semiannual payments for a fixed period of time. The first payment of $150,000 will be paid on January 01, 2007 and it will grow by 2% every 6 months. You will receive the last payment on January 01, 2016. Payment Plan
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E120MidtermFall2006 - E-120: Principles of Engineering...

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