What is the equivalent annual cost in years 1 through 9 of a contract that has a first cost of $72,000 in year 0 and annual costs of $17,000 in years 3 through 9? Use an interest rate of 9% per year. I just need help figuring out what n2 is equal to
What is the equivalent annual cost in years 1 through 9 of a contract that has a first cost of $72,000 in year 0 and annual costs of $17,000 in years 3 through 9? Use an interest rate of 9% per year. I just need help figuring out what n2 is equal to
Chapter19: Lease And Intermediate-term Financing
Section: Chapter Questions
Problem 14P
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What is the equivalent annual cost in years 1 through 9 of a contract that has a first cost of $72,000 in year 0 and annual costs of $17,000 in years 3 through 9? Use an interest rate of 9% per year.
I just need help figuring out what n2 is equal to
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