46. A piece of airport baggage-handling equipment can be purchased for $85,000 outright or for $90,000 to
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46. A piece of airport baggage-handling equipment can be purchased for $85,000 outright or for $90,000 to be financed over 48 months at 0% interest. This special offer is good for only the next two days. The salesperson states that at least $20,000 can be saved by the 0% offer compared to their “traditional” financing plan at 0.5%
per month over 48 months. Is this claim really true? Show all your work. (4.7)
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Related Book For
Engineering Economy
ISBN: 9781292265001
17th Global Edition
Authors: William G. Sullivan ,Elin M. Wicks ,C. Patrick Koelling
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