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Problem 2. The contractor's expenses and owner's payments for a multi-year construction project are given table below in ($ Million). Each time period is represented
Problem 2. The contractor's expenses and owner's payments for a multi-year construction project are given table below in ($ Million). Each time period is represented by one year, and the annual interest rate i is for borrowing 11%. Determine the contractor's gross profit when: a. Ignoring interest charges b. Including interest charges Table 4. Contractor's expenses and owner's payments Period t Contractor's Expenses Owner's Payments 0 1 2 3 4 5 Total $3.782 7.458 10.425 14.736 11.420 5.679 $53.500 $0 6.473 9.334 13.348 16.832 15.538 $61.52 (Note: You may use an Excel spreadsheet to solve this problem)
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