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Posted on Jul 24, 2024

A new machine costs $ 1 5 , 0 0 0 and will cost $ 5 , 0 0 0 a year to operate and

A new machine costs $

15, 000

and will cost $

5, 000

a year to operate and maintain. If the discount

rate is

10 %

and the machine lasts for

5

years, what is its equivalent annual cost?

(4

marks

)

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