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Apr 30, 2024
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ENGR 345 - Engineering Economy
Economic and cost concepts, the time value of money, single, multiple and series of cash flows, gradients, functional notation, nominal and effective interest rates, continuous compounding, rates of return. Computation and applications, economic feasibility of projects and worth of investments, comparison of alternatives. Replacement, deprecation and B.E. analysis. Introduction to risk analysis.
Prerequisites
Prerequisite: MATH 231.
When Offered
Offered in fall and spring.
(3 cr.)
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