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Biy invested in a machine costing Php. 15, 000.00 has an economic life of 8 years after which it will be sold for Php. 3,

Biy invested in a machine costing Php. 15, 000.00 has an economic life of 8 years after which it will be sold for Php. 3, 000.00. What minimum cash return would the Mr. Willie demand annually from the operation of this machine if he desires interest annually at the rate of 8 % on his investment and accumulates a capital replacement fund by investing annual deposits at 5 %?


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