https://openstax.org/books/principles-managerial-accounting/pages/b-time-value-of-money

= tables

Julio Company is considering the purchase of a new bubble packaging machine. If the machine will provide $15,000 annual savings for 11 years and can be sold for $49,000 at the end of the period, what is the present value of the machine investment at a 10% interest rate with savings realized at year end? Round your present value factor to three decimal places and final answer to the nearest dollar. (Click here to see present value and future value tables)