Give 5 reasons of studying Engineering Economy
1.2 What is “Time Value of Money” ?
1.3 If we deposit 1,000 bahts in a bank with the interest rate = 5%, how much will you get next year?
1.4 With the interest rate of 5 %, 2,000 bahts this year is equivalent to 2,050 bahts next year. Is that correct? If not, what will be the answer?
1.5 Does a bank use simple or compound interest?
Give 5 reasons of studying Engineering Economy1.2 What is “Time Value of Money” ?1.3 If we deposit 1,000 bahts in a bank with the interest rate = 5%, how much will you get next year?1.4 With the interest rate of 5 %, 2,000 bahts this year is equivalent to 2,050 bahts next year. Is that correct? If not, what will be the answer?1.5 Does a bank use simple or compound interest?
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