Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Estimate the cost of a building with 62,700 SF of floor area. The building is to be constructed 5 years from now in city B.

image text in transcribed
Estimate the cost of a building with 62,700 SF of floor area. The building is to be constructed 5 years from now in city B. A similar type building that cost $2,945,250 and contained 38,500 SF was completed 2 years ago in city D. Cost index in location B = 1170 and Cost index in location D=1240. Assume that compound interest rate is 1.83% for the last two years and is to continue at the same rate for the next five years

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Markets and Institutions

Authors: Anthony Saunders, Marcia Cornett

6th edition

9780077641849, 77861663, 77641841, 978-0077861667

More Books

Students also viewed these Finance questions

Question

What is the purpose of a firewall?

Answered: 1 week ago

Question

What is the difference between a CPU and a GPU?

Answered: 1 week ago

Question

What are the various principles of material handling ?

Answered: 1 week ago