Julong Petro Materials, Inc. ordered $10 million worth of seamless tubes for its drill collars from the
Question:
Julong Petro Materials, Inc. ordered $10 million worth of seamless tubes for its drill collars from the Timken Company of Canton, Ohio. (A drill collar is the heavy tubular connection between a drill pipe and a drill bit.) At 10% per year interest, what is the annual worth of the purchase over a 10-year amortization period?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Basics Of Engineering Economy
ISBN: 9780073376356
2nd Edition
Authors: Leland T. Blank, Anthony Tarquin
Question Posted: