Answer:-
Engineering economy board exams often pose challenging problems that test your understanding of financial principles in engineering. Common issues include calculating present and future values, cost-benefit analysis, depreciation, and comparing different project investment options. To tackle these problems effectively, ensure you're familiar with key concepts like net present value (NPV), internal rate of return (IRR), and payback period. Practice solving various problems, use a financial calculator efficiently, and understand the formulas and their applications. Time management during the exam is crucial, so practice pacing yourself. Reviewing past exam questions and solutions can also be incredibly beneficial for preparation.
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