2.1-Look up the numerical value for the following factors from the compound interest factor tables. 1. (F/P,10%,7)

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Question:

2.1-Look up the numerical value for the following factors from the compound interest factor tables.

1. (F/P,10%,7)

2. (A/P,12%,10)

3. (P/G,15%,20)

4. (F/A,2%,50)

5. (P/G,35%,15)

Determination of F, P, and A

2.2-The Department of Traffic Security of a city is considering the purchase of a new drone for aerial surveillance of traffic on its most congested streets. A similar purchase 4 years ago cost $1,200,000. At an interest rate of 7% per year, what is the equivalent value today of the previous $1,200,000 expenditure?

2.3-Pressure Systems, Inc. manufactures high-accuracy liquid level transducers. It is investigating whether it should update in-place equipment now or wait and do it later. If the cost now is $200,000, what will be the equivalent amount 3 years from now at an interest rate of 10% per year?

2.4-How much money should a bank be willing to loan a real estate developer who will repay the loan by selling seven lakefront lots at $120,000 each 2 years from now? Assume the bank's interest rate is 10% per year

2.5-Do you think Engineering Cost Analysis is important and if so, how can it benefit you and others in your career?