Arctic and Antarctic regions are harsh environments in which to take data. A TempXZ 3000 portable temperature recorder can take and store 32,767 measurements at-40 to 150 °C. A research team from the University of Nova Scotia needs 20 of the recorders, and they are trying to decide whether they should buy them now at $649 each or purchase them 2 years from now, which is when they will be deployed. At an interest rate of 8% per year, how much can each recorder cost in 2 years to render their decision indifferent?
Arctic and Antarctic regions are harsh environments in which to take data. A TempXZ 3000 portable temperature recorder can take and store 32,767 measurements at-40 to 150 °C. A research team from the University of Nova Scotia needs 20 of the recorders, and they are trying to decide whether they should buy them now at $649 each or purchase them 2 years from now, which is when they will be deployed. At an interest rate of 8% per year, how much can each recorder cost in 2 years to render their decision indifferent?
Chapter1: Financial Statements And Business Decisions
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Arctic and Antarctic regions are harsh environments in which to take data. A TempXZ 3000 portable temperature recorder can take and store 32,767 measurements at-40 to 150 °C. A research team from the University of Nova Scotia needs 20 of the recorders, and they are trying to decide whether they should buy them now at $649 each or purchase them 2 years from now, which is when they will be deployed. At an interest rate of 8% per year, how much can each recorder cost in 2 years to render their decision indifferent?
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