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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What does the uniform series capital recovery factor help us determine?
💡 Hint: Think about how loans are typically repaid.
Question 2
Easy
What is the ownership cost of equipment?
💡 Hint: Includes depreciation, taxes, and operational costs.
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 the capital recovery factor used for?
- Estimating depreciation
- Loan repayment
- Operating cost
💡 Hint: Consider what happens when a loan is repaid.
Question 2
True or False: The ownership cost includes only the purchase price of the equipment.
- True
- False
💡 Hint: Think about all costs you might incur over time.
Solve and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
An irrigation system costs $100,000. If the project's lifespan is 15 years and interest is 4%, calculate the annual payment needed to recover the initial investment. How might this affect future budgeting?
💡 Hint: Use the formula for annual payments based on the capital recovery factor.
Question 2
You need $50,000 for a future project in 10 years. If you can earn 5% interest on your savings, how much should you save annually to reach this goal?
💡 Hint: Apply the sinking fund formula to find your annual deposit.
Challenge and get performance evaluation