The first cost of an electric rebar bender is P392,000 and a salvage value of P40,000 at the end of its life for 4 years. Money is worth 5.4% annually. If there is no salvage value and the annual maintenance cost is P17,000, find the annual cost of perpetual service. Express your answer in whole number.
The first cost of an electric rebar bender is P392,000 and a salvage value of P40,000 at the end of its life for 4 years. Money is worth 5.4% annually. If there is no salvage value and the annual maintenance cost is P17,000, find the annual cost of perpetual service. Express your answer in whole number.
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
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The first cost of an electric rebar bender is P392,000 and a salvage value of P40,000 at the end of its life for 4 years. Money is worth 5.4% annually. If there is no salvage value and the annual maintenance cost is P17,000, find the annual cost of perpetual service.
Express your answer in whole number.
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