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A building contractor obtained bids for some asphalt paving, based on a specification. Three paving subcontractors quoted the following prices

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A building contractor obtained bids for some asphalt paving, based on a specification. Three paving subcontractors quoted the following prices and ten of payment:


The building contractor uses a 12% no min interest rate, compounded monthly, in this type c bid analysis. Which paving subcontractor should b awarded the paving job?

Paving Co. Quick Payment Schedule 50% payable immediate 25% payable in 6 month 25% payable at the end of one year Payabl

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Paving Co. Quick Payment Schedule 50% payable immediate 25% payable in 6 month 25% payable at the end of one year Payable immediately 25% payable immediatel 75% payable in 6 month Price $85,000 $82,000 $84,000 Tartan Faultless The building contractor uses a 12% nomin: interest rate, compounded monthly. in this type c bid analysis. Which paving subcontractor should br awarded the paving job?

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For fixed output minimize the Present Worth of Cost Quick P…View the full answer


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Engineering Economics

Engineering Economics

ISBN: 9780195168075

9th Edition

Authors: Ted G. Feller

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Question Posted: March 03, 2010 11:57:40
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