A company purchased new equipment for 98500 now and annual, Ask an Expert

Economics

A company purchased new equipment for $98,500 now and annual operations and maintenance costs of $9,500 per year for 5 years starting 3 years from now. What is the present worth of these costs if the interest rate is 7% per year?

Show what each variable equals and all work as well as formula.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91711183

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