Engineering Economy – Problem 3.21

ByEngineeringCheatSheet.com

The expansion plans of Acme Granite, Stone & Brick call for the company to add capacity for a new product in 5 years. The company wants to have $360,000 available before it announces the product. If the company sets aside $55,000 now and $90,000 in year 2, what uniform annual amount will it have to put in an account in year 3 through 5 to have the $360,000? Assume the account earns interest at 8% per year.

Sample problems and notes are based on the following textbook: Engineering Economy 7th Edition

ISBN-13: 978-0073376301

ISBN-10: 0073376302

Edition: 7

Author: Leland Blank, Anthony Tarquin 

Published Date: 2011

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