15. 2.16 A design/build engineering company that usually gives year-end bonuses in the amount of $8000 to
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15. 2.16 A design/build engineering company that usually gives year-end bonuses in the amount of $8000 to each of its engineers is having cash flow problems. The company said that although it couldn’t give bonuses this year, it would give each engineer two bonuses next year: the regular one of $8000 plus an amount equivalent to the $8000 that each engineer should have gotten this year. If the interest rate is 8% per year, what will be the total amount of bonus money the engineer gets next year?
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Related Book For
Basics Of Engineering Economy
ISBN: 9781259683312
3rd Edition
Authors: Leland T. Blank, Anthony Tarquin
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