Question
A. An equipment was purchased for $73,244. What is the required payment per year to completely pay off the mortgage in 20 years, assuming an
A. An equipment was purchased for $73,244. What is the required payment per year to completely pay off the mortgage in 20 years, assuming an interest rate of 5%?
B. How much must you deposit each year to have $19,328 at the end of 15 years with money worth 7%?
C.You have been asked to evaluate a project that may increase plant capacity for manufacturing high-pressure hydraulic hoses. The parameters associated with the project below. What is the present worth of the project at interest of 12% per year?
Capital Cost - $58,632
Maintenance Cost - $4000 / year
Salvage Value - $12000
Life (years) - 5
(PLEASE HELP AND ANSWER SEPERATE)
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