Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
A contractor is bidding a construction project that will take 12 months to complete. The terms of the bid provide that the owner will pay the Contractor one lump sum at the end of 14-months. The Contractor secured a bank loan with an interest rate of 1% per month on the outstanding balance. The Contractor will borrow $100,000 per month to reconcile costs at the end of months 1 through 12. Calculate the cost to finance the project that will be included as part of the bid.
Solution: At the end of month 12, the contractor will have borrowed 12 payments of $100,000 each. The owner is scheduled to pay the contractor at the end of month 14 at which time the contractor will repay the bank. Use the following equation to calculate the future value then extract the cost of financing the project:
F = $100,000 (F/A, 1%, 12) (F/P, 1%, 2) = $1,293,700
Amount Borrowed =$1,200,000
Amount of interest =$ 93,700
Question For a rigid pile cap with vertical piles at middle and raking piles at the sides, what is pattern of load distribution of piles in such agreement? Answer Becau
Elongation of bar due to self weight
IFC= f(Ptr,Paccs+Peng) where ptr = 8, paacs =5 and peng =2 In this eqn. what does comma means and how to solve this eqn.
Ask question #Mindasfimum 100 words accepted#
What will be the structural weight per meter for IRC class 70r bridge
types of dams
Question During deep excavation , neighbouring ground water table is drawn down that might affect settlement of nearby buildings. What is remedial proposal to rectify situatio
explain the construction while aligning roads on hilly areas
Creep occurs (secondary compression) after consolidation settlements. We defined consolidation settlement, as that compression during which excess pore pressure exists in the strat
what is the procedure to design the beam and column?
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd