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Engineering Economics Assignment 3

The document appears to be an assignment from an engineering economics course, which includes two questions. The first question asks students to calculate the total maintenance costs over 7 years for a new car, taking into account annual increases in cost and an annual interest rate of 5%. The second question provides a repayment schedule for a $5,000 debt with 8% interest and asks students to calculate the payment amount X for the fifth year.

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Malik Zain
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130 views1 page

Engineering Economics Assignment 3

The document appears to be an assignment from an engineering economics course, which includes two questions. The first question asks students to calculate the total maintenance costs over 7 years for a new car, taking into account annual increases in cost and an annual interest rate of 5%. The second question provides a repayment schedule for a $5,000 debt with 8% interest and asks students to calculate the payment amount X for the fifth year.

Uploaded by

Malik Zain
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Regd.

Roll #:__________________________

WAH ENGINEERING COLLEGE


Bachelor of Science in Civil Engineering

Engineering Economics (GE-302)


5th Semester
Assignemnet-2
Date: 10th December, 2019

Date of Submission: 17th December, 2019 Total Marks: 20

Course Program Learning Domain


Learning Learning
Outcome Outcome
CLO-2 PLO-2 Cognitive 3

1. It is estimated that the maintenance cost on a new car will be $40 the first year.
Each subsequent year, this cost is expected to increase by $10. How much would
you need to set aside when you bought a new car to pay all future maintenance
costs if you planned to keep the vehicle for 7 years? Assume interest is 5% per
annum.
2. A debt of $5000 can be repaid, with interest at 8%, by the following payments.
Year Payment
1 $500
2 $1000
3 $1500
4 $2000
5 X

The payment at the end of the fifth year is shown as X. How much is X?

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