Z94.7 ENGINEERING ECONOMY

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TIME VALUE OF MONEY. (1) The cumulative effect of elapsed time and the money value of an event, based on the earning power of equivalent invested funds and on changes in purchasing power.  (2) The expected compound interest rate that capital should or will earn.  (See INTEREST.)

TRACEABLE COSTS. Cost elements which can be identified with a given product, operation, or service.  (See DIRECT COST, MARGINAL COST.)

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