Question: ENGINEERING ECONOMICS make a spreadsheet in format so can download to change values Find the return period for an investment with the following characteristics: Initial

ENGINEERING ECONOMICS

make a spreadsheet in format so can download to change values

Find the return period for an investment with the following characteristics: Initial Cost - $15,000 Operation and Maintenance Cost - $500 per year Savings - $1,500 per year Service Life 10 years Discount Rate 6% You need $2,000,000 to fund your retirement in 40 years. If your retirement plan has an annual yield of 6%, how much do you need to contribute to your retirement fund each paycheck (assume bi-weekly)

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