Engineering Economy Solution Manual Engineering Economy

Price of goods and services is defined to be the present amount of money or its equivalent which is given in exchange for it. = 2t ln 1 + 3.5% t= 20.15 years Page 61 Example A manufacturing plant installed a new boiler at a cost of P150,000 and estimated to have a useful life of 10 years. It is estimated to have a scrap value at the end