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Hi could you help me draw a cash flow diagram for this scenario Im having a hard time trying to set it up. Thank you.
Hi could you help me draw a cash flow diagram for this scenario Im having a hard time trying to set it up. Thank you. This is all the information given.
Assignment: Defining Alternatives Imagine that you evaluated the decision to go to college using engineering economy. The first step is to clearly define the alternatives. 1) go to a four-year university 3) go to a community college or 2) stay home and get a job. Answering the following question might help guide you through the process. What time horizon will you use? (4 years, 10 years, 50 years, or some other length) Remember we are trying to capture all that might be different between the alternatives, so you might consider when the cash flows will be the same and when they will be different. For each alternative you need to consider what expenses or income are unique to that alternative. For instance, will you have high gasoline costs when you are working? Will tuition be factored in? If you take out loans for school, you will need to include paying those back? Draw a cashflow diagram of each alternative with your best estimate of the costs included. a Assignment: Defining Alternatives Imagine that you evaluated the decision to go to college using engineering economy. The first step is to clearly define the alternatives. 1) go to a four-year university 3) go to a community college or 2) stay home and get a job. Answering the following question might help guide you through the process. What time horizon will you use? (4 years, 10 years, 50 years, or some other length) Remember we are trying to capture all that might be different between the alternatives, so you might consider when the cash flows will be the same and when they will be different. For each alternative you need to consider what expenses or income are unique to that alternative. For instance, will you have high gasoline costs when you are working? Will tuition be factored in? If you take out loans for school, you will need to include paying those back? Draw a cashflow diagram of each alternative with your best estimate of the costs included. aStep by Step Solution
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