A company is planning to invest $50,000 for equipment to result in an annual revenue of $17,000 with an O&M of $4,000 and a salvage value of $4,000. Assuming an interest rate of 7%, find this investment's present worth for a period of 6 years. In your answer don't have any $ sign and write 2 decimal digits.

A company is planning to invest $50,000 for equipment to result in an annual revenue of $17,000 with an O&M of $4,000 and a salvage value of $4,000. Assuming an interest rate of 7%, find this investment's present worth for a period of 6 years. In your answer don't have any $ sign and write 2 decimal digits.

Name: 287.Subject : - Economics A company is planning to invest $50,000 for
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Description: 287.Subject : - Economics A company is planning to invest $50,000 for equipment toresult in an annual revenue of $17,000 with an O&M of$4,000 and a salvage value of $4,000. Assuming an interestrate of 7%, find this investment's present worth for a pe

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter19: Capital Investment

Section: Chapter Questions

Problem 22E

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