A Project to Return Americans to the Moon Has Been

question 36

Essay

A project to return Americans to the moon has been estimated to cost $100 billion and take five years to complete, but past similar projects have cost 30% more and taken 20% longer. What should the revised estimates for cost and time be? Because of the long duration, the effects of the time value of money should be taken into consideration-what does this do to the estimated budget and duration. Assume a 3% annual inflation rate.

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Recognize algorithms and heuristics and their applications in problem-solving processes.

Understand the concept of yield to maturity for bonds and how it is calculated.