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A company wants to buy one of two machines: machine X or machine Y. The present worth of machine X over a life span of
A company wants to buy one of two machines: machine X or machine Y. The present worth of machine X over a life span of 3 years is $2,200 at an interest rate of 10% per year compounded annually whereas the present worth of machine Y over a life span of 6 years is $ 3,500 at the same interest rate. Based on the present worth criterion, which machine should the company pick? PLEASE HELP ASAP. dont use excel. solve by hand
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Accounting for Decision Making and Control
Authors: Jerold Zimmerman
9th edition
978-1259564550
