[Solution] Engineering Economy

 Project Description  We all know that we cannot plan for every possible event in our future. However, for the purpose of this project you are going to develop an experimental plan for the first 10 years of your life following graduation. How things really happen in the future may or may not work out as planned, but at least you can think about this as an interesting real-world application of the Engineering Economy. There are two major parts, A and B, of this project. Part A The first part of the project involves simply documenting year-by-year events that you think have a high probability of occurrence in your life. Consider at least two potential life paths of the first 10 years following graduation. o For example, at year 0 (immediately following graduation), perhaps you will enter the engineering workforce, or maybe you are planning to attend graduate school immediately following your graduation, or maybe you are thinking of delaying entry into the engineering workforce by a few years to join the Peace Corps. Are you thinking of graduate school later while working? Many engineers decide to obtain additional education in their field or at least attend short courses in topical areas from time to time to stay current. Do you plan to buy a house? How often will you buy a car? What about a car for the kids? What about a vacation home or a boat? Will you apply for your Professional Engineering license? How many children will you have and when? Do you anticipate caring for an elderly relative? There are many, many questions to think about over the next 10 years. You can be creative – this is not meant to be a hard and fast plan. Part B The second part of the project involves computing the net present value (NPV) or Present Worth (PW) for your plan and discussing what conclusion(s) you have reached as a result of the project. For the purpose of financial calculations, you need to be as realistic as possible. Estimates of salary increases, including big jumps when completing additional education (like a Master’s or Ph.D.), can be obtained from the library and the internet.    The ability to communicate professionally is a very important part of this project. Each project requires an MS Excel worksheet and a Final Report. The report should be ‘standalone’ so that anyone reading the report will know what it covers from the beginning. Your report must be neatly typed and include  • A cover sheet that at a minimum contains your name and the project assignment  • A concise and clear description of all events in your project on a year by year basis over 10 years. One paragraph per year should be sufficient to provide this information. • You should also list and briefly describe assumptions you have made for interest rates, regular raises, etc. The money you earn from your planned job(s) or investments will be treated as your expected gross revenues (GR)  • Describe the challenges when you conduct this project and how you overcome them.  • A short bibliography with references (including the textbook). Websites are OK as references but identify the information you received from the URL.  • Use MS Excel for financial data organization, year by year and of course, for the computations. After all the data has been entered, you will need to draw a cash flow diagram, compute the net present value (NPV) for your plan and discuss your conclusion(s) of the project.  For more information on Engineering Economy read this: https://en.wikipedia.org/wiki/Engineering_economics

 

So much stress and so little time? Take care of yourself: let us help you with your task on
[Solution] Engineering Economy
Celebrate our anniversary with us. Get the Solution at $10/page
Get Help

 

 

So much stress and so little time? We’ve got you covered. Get your paper proofread, edited or written from scratch within the tight deadline.

Essay Exper
Unlock Better Papers
Pages (550 words)
Approximate price: -

Why Hire a Professional Essay Writer from Essay Exper

Quality Urgent Essays

Essay Exper online platform provides the best essay writing service ever received elsewhere, thanks to our professional essay writers. Experience gained in the 10+ years of being in the assignment writing industry is also an added advantage.

Professional and Experienced Academic Writers

A lot is done to maintain us as the best essay writing service provider. Besides owning a degree from a recognized university, a writer must pass the rigorous tests we take them through before they are considered eligible to offer urgent essay help on our website.

Affordable Urgent Assignment Help

Who said a reliable website should not be cheap also? While it is human nature to associate prices with quality, that does not always work. At essayexper.com, we guarantee you cheap and urgent essay help without compromising the quality.

24/7 Available Urgent Essay Writing Service

Whether it is a ‘write my essay for me cheap’ or ‘edit my essay’ order you want to request, always feel free to reach us at any time of the day. Our experts work in shifts to ensure that you access urgent essay writing services at any time of the day.

Plagiarism Free Essays Online

The punitive measures that come with plagiarized content are so harsh, and we understand that. We consequently ensure to write each client’s papers from scratch no matter how urgent the essay is. To acknowledge borrowed content, our quick writer references and cites the work.

Wow Customer Support 24/7

Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.

Try it now!

Calculate the price of your order

We'll send you the first draft for approval by at
Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

So much stress and so little time? Take care of yourself: let us help you with your tasks. We offer all kinds of writing services.

Essays

Custom Essay Writing Services

No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.

Admissions

Admission and Business Papers

An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can be rest assurred that through our service we will write the best admission essay for you.

Editing

Editing and Proofreading

Our academic writers and editors make the necessary changes to your paper so that it is polished. We also format your document by correctly quoting the sources and creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.

Coursework

Revision Support

If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied with the service offered.