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A contractor purchased a used crane for $11,000. His operating cost will be $2700 per year, and he expects to sell it for $5000
A contractor purchased a used crane for $11,000. His operating cost will be $2700 per year, and he expects to sell it for $5000 five years from now. What is the equivalent annual worth of the crane at an interest rate of 10%?
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Engineering economy
Authors: Leland Blank, Anthony Tarquin
7th Edition
9781259027406, 0073376302, 1259027406, 978-0073376301
