Fundamentals of Engineering Economics, 4e Chan Park (Solutions Manual All Chapters, 100% Original Verified, A+ Grade)

Fundamentals of Engineering Economics, 4e Chan Park (Solutions Manual All Chapters, 100% Original Verified, A+ Grade) Chapter 1 Engineering Economic Decisions 1.1) Not provided For The Wall Street Journal, go to the Front page to find the section on “What’s News.” This is a section on a brief summary on major headlines of the day’s news. Quickly browse through the news summary to see if there is any news related to business investment. The best places to find the major business news on investment are sections on “BUSINESS”, “MARKETS” or “TECH.” 1.2) Not provided Some of the well-known business publications are: • Daily Newspapers: o The Wall Street Journal o The New York Times (Business Section) o Financial Times • Weekly or Monthly Magazines: o BusinessWeek o Forbes o Money o Smart Money o Fortune Fundamentals of Engineering Economics, 4e Chan Park (Solutions Manual All Chapters, 100% Original Verified, A+ Grade) Chapter 2: Time Value of Money 2.1) I iP N = = ( ) (0.06)($2,000)(5) $600 = 2.2) • Simple interest: $20,000 = $10,000(1+ 0.075N) (1+ 0.075N) = 2 N = 1 0.075 = 13.33≈ 14 years • Compound interest: 2.3) • Simple interest: I iPN = = (0.10)($10,000)(5) $5,000 = • Compound interest: [(1 ) 1] $10,000(1.6105 1) $6,105 N IP i = + −= − = 2.4) • Option 1: Compound interest with 8.5%: 5 F = += = $4,500(1 0.085) $4,500(1.5037) $6,766.65 • Option 2: Simple interest with 9%: $4,500(1 0.09 5) $5,000(1.45) $6,525