Julong Petro Materials, Inc. ordered $10 million worth of seamless tubes for its drill collars from the

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Julong Petro Materials, Inc. ordered $10 million worth of seamless tubes for its drill collars from the Timken Company of Canton, Ohio. (A drill collar is the heavy tubular connection between a drill pipe and a drill bit.) At 10% per year interest, what is the annual worth of the purchase over a 10-year amortization period?

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Basics Of Engineering Economy

ISBN: 9780073376356

2nd Edition

Authors: Leland T. Blank, Anthony Tarquin

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