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Chapter 3

Chapter 3. The Time Value of Money. After studying Chapter 3, you should be able to:. Understand what is meant by "the time value of money." Understand the relationship between present and future value.

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ENGINEERING ECONOMICS

ENGINEERING ECONOMICS. ERT461 BIOSYSTEMS ENGINEERING DESIGN 1 ERT424 BIOPROCESS PLANT DESIGN 1. PART I Time Value of Money. The Interest Rate Simple Interest Compound Interest Amortizing a Loan Compounding More Than Once per Year. The Interest Rate.

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Simple interest fv - PowerPoint PPT Presentation

Chapter 3

ENGINEERING ECONOMICS