Question 1 The Concept Of Engineering Economics 25 Marks A Why Does Money Have Time Value Descuss And Give Practic 1 (184.28 KiB) Viewed 36 times
Please show clearly all necessary steps QUESTION 1: THE CONCEPT OF ENGINEERING ECONOMICS (25 MARKS] (a) Why does money have time value? Descuss and give practical example [2 Marks] (b) A mechanical device will cost $20,000 when purchased maintenance will cost $1000 each year. The device will generate revenue of $5000 each year for five years, afer which the salvage value is expected to be $7000. Draw and simplify the cash flow diagram [2 Marks]
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