Answer Happy

A portion of a Capital Improvement Plan for the South Shore Line (Northern Indiana Commuter Transportation District) includes the following for the "South Bend Realignment" project. Year 0 1 2 Amount $0 $5,000,000.00 $15,000,000.00 $10,000,000.00 3 Compute the Present Worth for these future budgeted expenses using an annual interest rate of 3.250% Enter the value to at least the nearest $1 amount. Use of Excel or some other computation resource is permitted and is actually encouraged as is checking the work with pencil & paper calculation. Note: There is no budgeted expense for the current year, that is no expense for Year 0 (time zero). While the years are different, the data is real.