5. 2.6 During a recession, the price of goods and services goes down because of low demand....
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5. 2.6 During a recession, the price of goods and services goes down because of low demand. A company that makes Ethernet adapters is planning to expand its production facility at a cost of $1,000,000 one year from now. However, a contractor who needs work has offered to do the job for $790,000 if the company will do the expansion now instead of one year from now. If the interest rate is 15%
per year, what is the difference in the present worth of the two amounts?
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Related Book For
Basics Of Engineering Economy
ISBN: 9781259683312
3rd Edition
Authors: Leland T. Blank, Anthony Tarquin
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