Engineering Economy Plus Mylab Engineering With Pe Format: Cloth Bound With Access Card
Engineering Economy Plus Mylab Engineering With Pe Format: Cloth Bound With Access Card
17th Edition
ISBN: 9780134873206
Author: Sullivan, William G.^wicks, Elin M.^koelling, C. P
Publisher: Prentice Hall
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Chapter 8, Problem 51SE
To determine

Calculate the present worth

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The International Parcel Service has installed a new radio frequency identification system to help reduce the number of packages that are incorrectly delivered. The capital investment in the system is $101,193 and the projected annual savings are estimated to start at $15,000 at EOY 1 and grow by 20% each year thereafter. The system's market value at the EOY 10 is $10,000, and the MARR is 18% per year, compounded weekly. What year will the FC be recovered? ΕΟΥ
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