Question: ENGINEERING ECONOMICS QUESTION. Please solve it step by step. A country plans to use an 83.74-acre plot for a road link 12.6 years from now.

ENGINEERING ECONOMICS QUESTION. Please solve it step by step.

A country plans to use an 83.74-acre plot for a road link 12.6 years from now. In the meantime (in the next 5 years) this land will be used as a sports field (football-basketball) together with the parking area. The development cost of the land is $96413 and the annual operating cost is $6013. The football field will serve 3119 people in the first year and will increase by 42% per year. The basketball court will serve 1111 people in its first year and there will be an increase of 7% per year. If the interest rate is 11%, find the present value and the equivalent annuity

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

3 COLLEGE ALGEBRA - TRIGONOMETRY Business and Finance (MAT115) This course will start with a review of basic algebra (factoring, solving linear equations, and equalities, etc.) and proceed to a study...

PROGRAMME HANDBOOK: JANUARY 2016 INTAKE ASSIGNMENT 2: HUMAN RESOURCES DEVELOPMENT Read the case study below and answer the questions that follow. National HRD in Finland, Russia, and South Africa...

Please help answer Interdependence of Middle Eastern Nations Directions: Please use the links and the book to answer the following questions. Make sure your answers are in blue. Step One: Dene the...

Two major themes from the introduction to module 4 are "Project Management" and "Managing Risk." Discuss, in depth, your analysis of the company's actions in relation to the concepts of these two...

Published by CQ Press, an Imprint of SAGE Publications, Inc. www.cqresearcher.com Future of Cars Are Americans ready for self-driving vehicles? C ars that drive themselves, long a staple of science...

Fixing the payment system at Alvalade XXI: a case on IT project risk management Ramon O'Callaghan Tilburg University, The Netherlands Correspondence: AO'Callaghan, School of Economics and Business...

can i get a solution to this question please. Value: Document (include your file name) 15% of final grade How to complete: 1. Read the following Anniversary Party scheduling problem: As the project...

07-043 March 13, 2008 Eli Lilly: Recreating Drug Discovery for the 21st Century Rebecca Henderson and Cate Reavis The rise of personalized medicine is one of the most important developments in health...

Springer 2011 Journal of Business Ethics (2010) 94:311-322 DOI 10.1007/s10551-011-0759-3 Beyond the Manager's Moral Dilemma: Rethinking the 'Ideal-Type' Business Ethics Case ABSTRACT. Case teaching...

:Help me answer the following questions. Use the IS-LM and AD-AS model to analyse the effects of each of the following on the economy on shortrun equilibrium levels of real interest rate, output,...

Explain the difference between a controllable and a noncontrollable cost.

Refer to Exercise 4.31. You have a poker hand containing four of a kind. a. How many possible poker hands can be dealt? b. In how many ways can you receive four cards of the same face value and one...

Question 1 0 You are given the following information: - All policies are annual - The future policy period begins January 1 , 2 0 1 7 . - The future annual premium trend is \ ( 3 \ % \ ) per year. -...

Draw a class diagram and its relationship based on the following statements. You can use any UML tool/software to represent your class diagram. Do NOT copy and paste your diagram, use the attachment...