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Engineering Economy – Problem 2.60

ByEngineeringCheatSheet.com

A small construction company is considering the purchase of a used bulldozer for $61,000. If the company purchases the dozer now, the equivalent future amount in year 4 that the company is paying for the dozer at 4% per year interest is closest to:

(a) $52,143
(b) $65,461
(c) $71,365
(d ) Over $72,000

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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