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Economics

An engineer is considering the purchase of a copy machine for his/her consulting officc. The copy machine will cost $2,000 and have a resale value of $400 at the end of its 5-year life. Having the machine in the office will reduce copy costs by $1,000 a year. Copy machine maintenance will be $500 for the first year and will increase by $100 each year. Docs the machine have any future worth if the interest rate is 6%?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91845676

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