Question a new hydraulic lift will cost 125213 at the end, Ask an Expert

Economics

Question: A new hydraulic lift will cost $125213. At the end of its 9 years of useful life, the machine can be sold for $39492. The new machine will reduce annual expenses by $21717. The interest rate is 3% compounded annually. What is the present worth for this investment?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M92599109

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