Title
Engineering Economics - Class 06 Loan Payback Methods (Part one)Creator
Dr. Leonard Lye and Memorial University of NewfoundlandDescription
Engineering Economics is an introduction to the concepts in the determination of the economic feasibility of engineering projects; time value of money – interest rates, depreciation, annual, present and future worth analysis; benefit-cost analysis, tangible and intangible benefits and costs; economic risk and sensitivity analysis, economic optimization.
Dr. Lye discusses 5 different methods on how to pay back a loan for an engineering project. The first example is that you have a $100 000 loan taken out at an interest rate of 8% over 20 years with open repayment options.
Learning Design
Discuss some methods that can be used in paying back a large project loan.Date Created
1997Format
Video/mp4Duration
20:57 minutes/seconds