Review Test Submission_ Quiz_1

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College Algebra & Trignometry

(1st Edition)

Book - Edition 1st Edition

Author(s) - Miller, Gerken

ISBN - 9780078035623

Publisher - McGraw Hill

Subject - Math

Quiz Tittle Quiz Translation View
Review Test Submission_ Quiz_1 12/27/23, 10:56 AM Review Test Submission: Quiz_1 – (Summer_2023_GENG360_... https://elearning.qu.edu.qa/webapps/assessment/review/review.jsp?attempt_id=_16829029_1&course_id=_132541_1&content_id=_3880058_1&outc… 1/2 Review Test Submission: Quiz_1 (Summer_2023_GENG360_30750_L01) Engineering Economics L01 Course Content ررقملا ىوتحم Review Test Submission: Quiz_1 User Mohammed Al-Suwaidi Course (Summer_2023_GENG360_30750_L01) Engineering Economics L01 Test Quiz_1 Started 7/6/23 5:21 PM Submitted 7/6/23 5:38 PM Status Completed Attempt Score10 out of 10 points   Time Elapsed16 minutes out of 20 minutes Question 1 A small oil company wants to replace its Micro Motion Coriolis flo wmeters with nickel- based steel alloy flowmeters from the Emerson F-Series. The replacement process will cost the company $50,000 three years from now. How much money must the company set aside each year beginning 1 year from now in order to have the total amount in 3 years? Assume the company earns a generous 20% per year on investment funds. Question 2 Durban Moving and Storage wants to have enough money available 5 years from now to purchase a new tractor-trailer. If the estimated cost is $250,000, how much should the company set aside each year if the funds earn 9% per year? Question 3 An arithmetic cash flo w gradient series equals $500 in year 1, $600 in year 2, and amounts in- creasing by $100 per year through year 9. At i = 10% per year, determine the present worth of the cash flo w series in year 0. My Institution Courses Community Content Collection Services 2 out of 2 points 2 out of 2 points 2 out of 2 points Mohammed Al-Suwaidi 30 12/27/23, 10:56 AM Review Test Submission: Quiz_1 – (Summer_2023_GENG360_... https://elearning.qu.edu.qa/webapps/assessment/review/review.jsp?attempt_id=_16829029_1&course_id=_132541_1&content_id=_3880058_1&outc… 2/2 Wednesday, December 27, 2023 10:56:42 AM AST Question 4 How much money should a bank be willing to loan a real estate developer who will repay the loan by selling seven lakefront lots at $120,000 each 2 years from now? Assume the bank’s interest rate is 10% per year. Question 5 You are investigating a project. If the cost now is $200,000, what will be the equivalent amount 3 years from now at an interest rate of 10% per year? Choose the closest value from the list. ← OK 2 out of 2 points 2 out of 2 points