A manufacturer desires to set aside a certain sum of money to cover the yearly operating  expenses of P5k & the cost of replacing every yr the dies of stamping machine for P3k for a period of 10 yrs. The money will be deposited in a savings account earning 10% per annum, determine the sum of money that must be deposited including the initial cost of the die.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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A manufacturer desires to set aside a certain sum of money to cover the yearly operating 
expenses of P5k & the cost of replacing every yr the dies of stamping machine for P3k for a period of 10 yrs. The money will be deposited in a savings account earning 10% per annum, determine the sum of money that must be deposited including the initial cost of the die. 

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