A Contract Valued at $81 500

question 20

Short Answer

A contract valued at $81 500.00 requires payment of $3350.00 at the beginning of every six months. If interest is 6.5% compounded semi-annually, what is the term of the contract?

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Definitions:

Darnall-Preston Complexity Index

A tool used to assess the complexity of a project by examining various dimensions such as size, uncertainty, and pace.

Technological Complexity

Refers to the degree of sophistication, advancement, and difficulty involved in the technology of a product, system, or process.

System Scope

The boundaries or extent to which a system’s functionality, objectives, and deliverables are defined.

Uncertainty And Risk

The lack of certainty about the outcome, paired with the potential for a negative or undesirable event to occur.