Federal facilities associated with an international port of entry at Tornillo, TX, are expected to cost $54
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Federal facilities associated with an international port of entry at Tornillo, TX, are expected to cost
$54 million. A six-lane, 1274-foot-long bridge is expected to cost $14 million. Land and inspection facilities, offices, and parking will add another
$10 million to the cost. Construction is expected to take three years. Assuming that all of the funds are allocated at time 0, what is the future worth of the project in year 3 at an interest rate of 6% per year compounded quarterly?
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Related Book For
Basics Of Engineering Economy
ISBN: 9780073376356
2nd Edition
Authors: Leland T. Blank, Anthony Tarquin
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