A local construction company is bidding on a project whose costs are $$30,000$ for start$-$up and $$240,000$ for the first year. If the interest rate is $1\%$ per month or $12\mathrm{.}68\%$ per year, what is the present worth with monthly compounding $?[$Calculate a$.$ NPW $($monthly$)$ and b$.$ NPW $($year$)?]$

Question $1$Answer

a$.$

$-$$$285,102$ & $-$$$272,293$

b$.$

$-$$$275,202$ & $-$$$272,293$

c$.$

$-$$$235,202$ & $-$$$232,982$

d$.$

$-$$$255,102$ & $-$$$242,993$