An engineer analyzing cost data about hydrogen sulfide monitors discovered that the information for the first three

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An engineer analyzing cost data about hydrogen sulfide monitors discovered that the information for the first three years was missing. However, he knew the cost in year 4 was $1250 and that it increased by 5% each year thereafter. If the same trend applied to the first three years, the cost in year 1 was:

a. $1312.50

b. $1190.48

c. $1028.38

d. $1079.80

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Basics Of Engineering Economy

ISBN: 9780073376356

2nd Edition

Authors: Leland T. Blank, Anthony Tarquin

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