ENV 5302 Unit VIII Essay

Assignment Content

For this assignment, compose an essay that addresses the prompts below.

Examine the role of politics in successful municipal solid waste programs.

Explore the role of leadership in successful municipal solid waste programs.

Analyze the financial costs of municipal solid waste management on human populations.

Provide a solution to the following scenario: A community wants to build a transfer station that has a capital cost of $3 million. To pay off the cost with equal annual payments over a 15-year period at an annual interest rate of 6.125%, what is the cost of each annual payment?

In your paper, limit the number of direct quotations that are taken from outside sources. The majority of your paper should be composed of your own thoughts and paraphrased information.

Make certain that your essay meets the criteria listed below.

Include a title page.

Provide an introduction.

Your paper must be at least three full pages in length, not counting the title page and references page. PLEASE MAKE SURE NOT TO USE THE NUMBERS IN THE EXAMPLE FOR SOLVING. THE INSTRUCTOR STRESS THAT MANY STUDENTS IN FACT DID.

THANKS,

Example 1. Provide a solution (show all work) for the following scenario: A community wants to build a transfer station that has a capital cost of $1 million. To pay off the cost, with equal annual payments, over a 10-year period, at an annual interest rate of 6.125%, what would be the cost of each annual payment? (See pp. 408 – 409)

(Step 1) Find the Capital Recovery Factor (CRF) from the chart on page 408, based on 10 years.

(CFR at 10 years, p. 408) x (Capital Cost of 1 million) = (Annual Payments)

(Step 2) 0.13667 x 1,000,000 = $136,670 annual payments