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Find the present value of an investment in equipment if it is expected to provide annual savings of $ 55,000 for 10 years and to
Find the present value of an investment in equipment if it is expected to provide annual savings of $ 55,000 for 10 years and to have a resale value of $ 95,000 at the end of that period . Assume an interest rate of 3 % and that savings are realized at year - end . ( Round factor values to 5 decimal places , e.g. 1.25124 and final answer to decimal places , e.g. 458,581 )
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