SQL Files EC2 Chap xl Book Tabl alo USE Typ Bel https//newconnect.mheducation.co

Question

SQL Files EC2 Chap xl Book Tabl alo USE Typ Bel https//newconnect.mheducation.com/flow/connect.htm Exam t Cht24 6 Saved Because testing of nuclear bombs was halted internationally in 1992, the Department of Energy has developed a laser system that allows engineers to simulate (in a laboratory) conditions in a thermonuclear reaction. Due to soaring cost overruns, a congressional committee undertook an investigation and discovered that the estimated development cost of the project increased at an average rate of 2%per quarter over a 5-year period. If the original today? cost was estimated to be $3.3 billion 5 years ago, what is the expected cost 0016:08 The expected cost today is $ billion.

Explanation / Answer

Here, we are caculation the present value if the initial value before 5 years was $3.3 billion. So, we have a time period of 5 years, an average rate of interest 2% compounded quarterly and an amount of 3.3 billion usd. Calculating from all this the answer will be $3646155404.72 or

$3.64 billion.

Related Questions

Navigate

• Browse (All)
• Browse S
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.