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A professional photographer who specializes in wedding-related activities paid $46,500 for equipment that will have a $2000 salvage value after 5 years. He estimates that
A professional photographer who specializes in wedding-related activities paid $46,500 for equipment that will have a $2000 salvage value after 5 years. He estimates that his costs associated with each event amount to $65 per day. If he charges $350 per day for his services, how many days per year must he be employed in order to break even at an interest rate of 6% per year? The number of days required for break even is determined to be 38.57 x per year
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