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1 (a) Decide which of the two investments listed below is best if money is worth 10.5%, compounded annually. (b) State the difference in capital

1 (a) Decide which of the two investments listed below is best if money is worth 10.5%, compounded annually. (b) State the difference in capital costs. (C) Calculate the annual investment cost advantage of the best choice.

Choice A: Initial cost of $12,000 with a life of 10 years and scrap value of $450

Choice B: Initial cost of $11,600 with a life of 7 years and scrap value of $600

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