Chapter 9: Engineering Economic Analysis
WHAT YOU WILL LEARN
That if money is invested, it grows
That there are different types of interest
How to do interest and investment calculations
That there are different types of cash flow diagrams, which can be used to represent financial transactions
How to represent financial transactions on a cash flow diagram
How to include taxation
What depreciation is, how to calculate it, and how to include it in financial calculations
What inflation is, and how it is related to interest
The goal of any manufacturing company is to make money. This is realized by producing products with a high market value from raw materials with a low market value. The companies in the chemical process industry produce high-value ...
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