Questions from Engineering

Q: A recently graduated mechanical engineer wants to build a reserve fund as

A recently graduated mechanical engineer wants to build a reserve fund as a safety net to pay his expenses in the unlikely event that an unexpected emergency arises. His aim is to have $45,000 develop...

Q: A multinational security software company is planning an overseas expansion that will

A multinational security software company is planning an overseas expansion that will cost $50 million of today’s dollars 3 years from now. Due to a robust economy in Europe, the cost is expected to i...

Q: An engineer who is now 65 years old began planning for retirement

An engineer who is now 65 years old began planning for retirement 40 years ago. At that time, he thought that if he had $1 million when he retired, he would have more than enough money to live his rem...

Q: Jack has tracked the annual inflation rate (shown below) for

Jack has tracked the annual inflation rate (shown below) for a top-rated sportsman-level fishing outfit that he has always hoped to own. It cost $1000 ten years ago, but he could not afford it over th...

Q: The Bureau of Labor Statistics has a website (www.bls

The Bureau of Labor Statistics has a website (www.bls.gov) that contains a Consumer Price Index inflation calculator that uses the average CPI to adjust the purchasing power of money over different pe...

Q: The Bank of England has an inflation calculator website that uses the

The Bank of England has an inflation calculator website that uses the UK price index to show how the cost of goods and services has changed since 1750. The website reveals that something that cost £10...

Q: Emissions of heat-trapping carbon dioxide (CO2) reached an

Emissions of heat-trapping carbon dioxide (CO2) reached an all-time high of 36.9 gigatons in 2014, a 2.5% increase over 2013. The International Energy Agency said this further reduces the chance that...

Q: In 2015, a retired person in the United States who received

In 2015, a retired person in the United States who received maximum social security benefits got $2699 per month, which represented a 1.7% cost of living adjustment (COLA) over 2014. (a) Determine the...

Q: During periods of hyperinflation, prices increase rapidly over short periods of

During periods of hyperinflation, prices increase rapidly over short periods of time. One of the worst cases of hyperinflation in history occurred in Zimbabwe in 2008 where prices doubled every day. I...

Q: Claris Water Company makes and sells filters for water drinking fountains for

Claris Water Company makes and sells filters for water drinking fountains for the public. The filter sells for $50. Recently a make/buy analysis was done based on the need for new manufacturing equipm...