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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
Define Equivalent Annual Cost (EAC).
💡 Hint: Think about how costs can accumulate.
Question 2
Easy
What does Present Worth represent?
💡 Hint: It's all about today versus tomorrow.
Practice 4 more questions and get performance evaluation
Interactive Quizzes
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
What is Equivalent Annual Cost?
- A single lump sum cost
- An annualized cost from total expenses
- A cash inflow from sales
💡 Hint: Focus on the word 'annual'.
Question 2
Is Present Worth the same as future value?
- True
- False
💡 Hint: Remember, one is today’s value, the other is future value.
Solve 1 more question and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
A company has annual costs for maintenance as follows: Year 1: 50,000, Year 2: 70,000, and Year 3: 90,000. Using the respective USCRFs of 1.05, and 0.95, calculate the EAC over three years.
💡 Hint: Each year's costs must be discounted based on its timing.
Question 2
Discuss how the potential future increase in interest rates may affect decisions on retaining or replacing machinery based on EAC.
💡 Hint: Think about the direct impact on borrowing or investment worth.
Challenge and get performance evaluation