Federal facilities associated with an international port of entry at Tornillo, TX, are expected to cost $54

Question:

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?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Basics Of Engineering Economy

ISBN: 9780073376356

2nd Edition

Authors: Leland T. Blank, Anthony Tarquin

Question Posted: