Question
A company buys a color printer that will cost $20,000 to buy, and last 5 years. It is assumed that it will require servicing
A company buys a color printer that will cost $20,000 to buy, and last 5 years. It is assumed that it will require servicing costing $500 each year. What is the equivalent annual annuity of this deal, given a cost of capital of 8%?
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Fundamentals Of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
16th Edition
0357517571, 978-0357517574
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