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A machine cost is 1500$ and salvage value 350$, if the rate of interest is 7% and number of years are 5 then what will be the present worth for fixed output condition? Select one: O a. 1268$ O b. 1238$ O c. 1250$

A machine cost is 1500$ and salvage value 350$, if the rate of interest is 7% and number of years are 5 then what will be the present worth for fixed output condition? Select one: O a. 1268$ O b. 1238$ O c. 1250$

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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A machine cost is 1500$ and salvage value 350$, if the rate of interest is 7% and number of years are 5 then what will be the present worth for fixed output condition? Select one: O a. 1268$ O b. 1238$ O c. 1250$
Transcribed Image Text:A machine cost is 1500$ and salvage value 350$, if the rate of interest is 7% and number of years are 5 then what will be the present worth for fixed output condition? Select one: O a. 1268$ O b. 1238$ O c. 1250$
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