QUESTION 1: THE CONCEPT OF ENGINEERING ECONOMICS (25 MARKS] (a) Why does money have time value? Descuss and give practic
Posted: Fri Jul 01, 2022 8:14 am
- 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 38 times
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]