A firm purchased some equipment at a very favorable price, Ask an Expert

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A firm Purchased some equipment at a very favorable price of $30000. The equipment resulted in an annual net saving of $1000 per year during the 8 year, the equipment was sold for $40000. Assuming interest at 8%, did the equipment purcase prove to be desirable?

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please provide full explaination showing steps and formulas for this question. i prefer to solve it in blank paper to send it as photo.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92164709

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