Q2/A pre-cast concrete factory was purch an advance, and the rest of the amount will be paid in the form of annual installments for five years, the value of each installment (17,000 $) If you know that the interest (8%) find the purchase price for the factory.

Fundamentals Of Construction Estimating
4th Edition
ISBN:9781337399395
Author:Pratt, David J.
Publisher:Pratt, David J.
Chapter9: Pricing Construction Equipment
Section: Chapter Questions
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Q2/A pre-cast concrete factory was purchased with a value of (1,500,000 $) paid as
an advance, and the rest of the amount will be paid in the form of annual installments
for five years, the value of each installment (17,000 $) If you know that the interest
rate is (8%), find the purchase price for the factory.
Transcribed Image Text:Q2/A pre-cast concrete factory was purchased with a value of (1,500,000 $) paid as an advance, and the rest of the amount will be paid in the form of annual installments for five years, the value of each installment (17,000 $) If you know that the interest rate is (8%), find the purchase price for the factory.
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