Question
a forklift currently costs $38000 you estimate that you willneed to replace this forklift in 10 years. if the cost of forkliftsestimated to increase by
a forklift currently costs $38000 you estimate that you willneed to replace this forklift in 10 years. if the cost of forkliftsestimated to increase by an average of 2% per year.
a) how much will the forklift cost when you need to replaceit?
b) if the forklift was fact $53602 at the time it was beingreplaced, what has been inflation rate?
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Personal Finance Turning Money into Wealth
Authors: Arthur J. Keown
7th edition
978-0133856507, 013385650X, 133856437, 978-0133856439
