Question: Please solve it using interest tables 5-33 In order to improve evacuation routes out of New Orleans in the event of another major disaster such

Please solve it using interest tables Please solve it using interest tables 5-33 In order to improve
evacuation routes out of New Orleans in the event of another major

5-33 In order to improve evacuation routes out of New Orleans in the event of another major disaster such as Hurricane Katrina, the Louisiana Department of Transportation (L-DoT) is planning to construct an additional bridge across the Mississippi River. The department uses an interest rate of 8% and plans a 50-year life for either bridge. Which design has the better present worth? Contributed by Paul R McCright, Universiry of South Florida

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