Engineering Economics Question
BMB Inc. purchased two pumps for use at its nanofiltration water conditioning plant. The cost of the pumps was $950 each. If the chemical cost is $11 per day, assuming 30 days per month (i.e. 360 days a year) and a 3-year pump life,
a)What would be the future worth of total cost at the end of 3 years at an interest rate of
12% per annum compounded monthly?
b) What would be the future worth of total cost at the end of 3 years if the interest rate of
12% per annum compounded continuously?
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Engineering economics
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Its an economics engineering question
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Can you please explain the equation you use, I am having
trouble understanding which ones to use and why.
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**86 at 40 not 88. please show how got Tr in calculations thank
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