A manufacturer purchased $15,000 worth of equipment with a useful life of six years.  Assuming 12% interest, the equivalent uniform annual cost of the equipment is _________.   A. $1,625   B. $1,252   C. $2,500   D. $3,648   E. $5,049

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter1: Introduction And Goals Of The Firm
Section: Chapter Questions
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A manufacturer purchased $15,000 worth of equipment with a useful life of six years.  Assuming 12% interest, the equivalent uniform annual cost of the equipment is _________.

  A. $1,625
  B. $1,252
  C. $2,500
  D. $3,648
  E. $5,049

 

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