Review Test Submission_ Quiz_2

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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_212/27/23, 10:57 AM Review Test Submission: Quiz_2 – (Summer_2023_GENG360_... https://elearning.qu.edu.qa/webapps/assessment/review/review.jsp?attempt_id=_16843830_1&course_id=_132541_1&content_id=_3880861_1&outc… 1/2 Review Test Submission: Quiz_2 (Summer_2023_GENG360_30750_L01) Engineering Economics L01 Course Content ررقملا ىوتحم Review Test Submission: Quiz_2 User Mohammed Al-Suwaidi Course (Summer_2023_GENG360_30750_L01) Engineering Economics L01 Test Quiz_2 Started 7/13/23 5:15 PM Submitted 7/13/23 5:29 PM Status Completed Attempt Score10 out of 10 points   Time Elapsed13 minutes out of 15 minutes Question 1 First Corp Bank advertises interest paid at 2% every 6 months. What is the APR? Question 2 For an APR of 10% per year, if interest is compounded quarterly, determine the nominal rate per (a) 6 months, and (b) 2 years. Question 3 El Paso Water is planning to install wind turbines to provide enhanced evaporation of reverse osmosis concentrate from its inland desalting plant. The company will spend $1.5 million in year 1 and $2 million in year 2. Annual maintenance is expected to cost $65,000 per year through year 10. Determine the equivalent annual cost of the project in years 1 through 10 at an interest rate of 6% per year. Question 4 My Institution Courses Community Content Collection Services 2 out of 2 points 2 out of 2 points 2 out of 2 points 2 out of 2 points Mohammed Al-Suwaidi 30 12/27/23, 10:57 AM Review Test Submission: Quiz_2 – (Summer_2023_GENG360_... https://elearning.qu.edu.qa/webapps/assessment/review/review.jsp?attempt_id=_16843830_1&course_id=_132541_1&content_id=_3880861_1&outc… 2/2 Wednesday, December 27, 2023 10:57:20 AM AST The pumping cost for delivering water from the Ohio River to Wheeling Steel for cooling hot rolled steel was $1.8 million for the first 4 years. An effective ener gy conservation pro- gram resulted in a reduced cost of $1.77 million in year 5, $1.74 million in year 6, and amounts decreasing by $30,000 each year through year 10. What is the present worth of the pumping costs in year 0 at an interest rate of 12% per year? Question 5 A company that manufactures air-operated drain valve assemblies currently has $85,000 available to pay for plastic components over a 5-year period. If the company spent only $42,000 in year 1, what uniform annual amount can the company spend in each of the next 4 years to deplete the entire bud- get? Let i = 10% per year. ← OK 2 out of 2 points