A sewage pump equipment initially costs P95,000. Annual maintenance costs are P1850. The equipment’s salvage value is 10 percent of the initial cost in 20 years. Using 8% interest, what is the annual cost of the equipment?
A sewage pump equipment initially costs P95,000. Annual maintenance costs are P1850. The equipment’s salvage value is 10 percent of the initial cost in 20 years. Using 8% interest, what is the annual cost of the equipment?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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A sewage pump equipment initially costs P95,000. Annual maintenance costs are P1850. The equipment’s salvage value is 10 percent of the initial cost in 20 years. Using 8% interest, what is the annual cost of the equipment?
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