A professional photographer who specializes in wedding-related activities paid $16,000 for equipment that has a $2000 estimated
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A professional photographer who specializes in wedding-related activities paid $16,000 for equipment that has a $2000 estimated salvage value after five years. He estimates that his costs associated with each event amount to $65 per day. If he charges $300 per day for his services, how many days per year must he be employed in order to break even at an interest rate of 8% per year?
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Related Book For
Basics Of Engineering Economy
ISBN: 9780073376356
2nd Edition
Authors: Leland T. Blank, Anthony Tarquin
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