TIME VALUE OF MONEY
Time Value of Money
The Cost of Money is established and measured by an interest rate, a
percentage that is periodically applied and added to an amount of money over
a specified length of time.
UNDERSTANDING MONEY MANAGEMENT
Nominal and Effective Interest Rates
Equivalence Calculations using Effective Interest Rates
Debt Management ( 3.4 Just for reading)
1. If payments occur more frequently than annual, how do you
Chapter 1 Engineering Economic Decisions
1.1 The Rational Decision-Making Process
1.1.1 How Do We Make Typical Personal Decisions?
a) Example: Buy or lease a car
1.1.2 How Do We Approach an Engineering Design Problem?
a. Getting an Idea: (Ne