Conference Session

Frontiers in Engineering Economy

Collection

2010 Annual Conference & Exposition

Authors

Arup Maji, University of New Mexico

Tagged Divisions

Engineering Economy

werediscussed in weeks 2 and 3, the students were asked to generate their own interest rate tables fora specific set of interest rates for quick reference and program the formulae in their calculators.The students were also asked to do three assignments on Excel using the financial functions toforce them to do work larger problems. One of these problems was to develop the 30-year homemortgage payment table and determine the cost-effectiveness of refinancing a home mortgage atany given point in time.Due to the large number of students, it was not possible to allow individuals to work outproblems on the board. Homework problems developed by the instructor to reflect the materialcovered in class was assigned every week. In the absence of a textbook