A new machine has an initial cost today of $17,000 and an annual cost of maintenance of $2,000 at the end of each year for
A new machine has an initial cost today of $17,000 and an annual cost of maintenance of $2,000 at the end of each year for the next 7 years. If the discount rate is 6%, what is the equivalent annual cost of the machine?
Enter your answer as a number rounded to 2 decimal places. An answer of 23.456 would be entered as 23.46.
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Authors: Alexander Lipton, Andrew Rennie
1st Edition
0199546789, 978-0199546787
