The first cost of a production machine is 75000 the machine, Ask an Expert

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The first cost of a production machine is $75,000. The machine will generate net annual income of $13,275 during its useful life of 10 years. Determine the rate of return of on investment in this machine. Express the answer as an integer. For example, enter 10 for 10%. (Hint, this problem can be solved from the Compound Interest Factors tables)

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91671967

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