What is the present worth of the electric vehicle program

Assignment Help Business Economics

Reference no: EM131079639

The US Department of Transportation has decided to invest in electric vehicles over the next 10 years. They will fund $0.5 million in year 1, $2 million in year 2, $3.5 million in year 3, $5 million in year 4 and $6.5 million each year thereafter. Given an interest rate of 6%, what is the present worth of the electric vehicle program?

Reference no: EM131079639

Questions Cloud

Determine the time response of the microphone : Use Simulink or any other software to determine the time response of the microphone with τl= τ = 1 sec, ωn = 1500 Hz, ζ = 0.5 and K=2.5 due to the sonic boom pressure of FIGURE 6.47. Does this device give a good reproduction of the signal? Is this ..

Minimum average cost is referred to as the capacity of firm : The point of minimum average cost is referred to as the capacity of the firm. Yet we draw the average cost curve extending both to the left and to the right of this point. The firm can operate below capacity, but how can a firm operate above capacity..

Demonstrate familiarity with the concept of relevant costs : Demonstrate familiarity with the concept of relevant costs. Write 2-4 pages, showing computations and discussing the results. List supporting references and cite sources.

Deduce that the system of difference equations : Deduce that the system of difference equations

What is the present worth of the electric vehicle program : The US Department of Transportation has decided to invest in electric vehicles over the next 10 years. They will fund $0.5 million in year 1, $2 million in year 2, $3.5 million in year 3, $5 million in year 4 and $6.5 million each year thereafter. Gi..

What is the annual worth of this pension : Shepherd Book invests $15,000 in a pension. During the first year, the pension will be worth $1,000, the second year $2,000, the third year $1,000, and the fourth year $2,000, and so on. What is the annual worth of this pension to Rev. Book, given th..

Though the inflation rate changed over time : What are expectations, and why are they important in macroeconomic models? What would you think about a macroeconomic model that assumed that people’s expectations of inflation were constant, even though the inflation rate changed over time?

Review the articles about various isms in the resources : What do I know now about specific challenges LGBT persons are likely to encounter that I did not know before I studied the resources? What do I think/feel when I hear people say that LGBT persons should not be permitted in early childhood settings?

What is the optimal level of output to maximize profits : Beta Industries manufactures floppy disks that consumers perceive as identical to those produced by numerous other manufacturers. Recently, Beta hired an econometrician to estimate its cost function for producing boxes of one dozen floppy disks. The ..

User Account

All Pages