12. 3.66 The cost of replacing part of a cell phone video-chip production line in 6 years...
Question:
12. 3.66 The cost of replacing part of a cell phone video-chip production line in 6 years is estimated to be $500,000. At an interest rate of 14%
per year compounded semiannually, the uniform amount that must be deposited into a sinking fund every 6 months is closest to:
1. $21,335 2. $24,825 3. $27,950 4. $97,995
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Basics Of Engineering Economy
ISBN: 9781259683312
3rd Edition
Authors: Leland T. Blank, Anthony Tarquin
Question Posted: