Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I need help in this question. Please I also posted the solution to same question with different values. Please use same method and solve both

I need help in this question. Please I also posted the solution to same question with different values. Please use same method and solve both so i can get correct answers

image text in transcribed

image text in transcribed

9-68: An analog oven has a useful life of 8 years and costs $40,000. A digital oven costs $57,200. Assume 6% interest. What useful life is required for the digital oven to be a better decision financially? Use annual analysis. Answer: 13.06 years Reasoning/Work: Need Aanalog= 40,000(A/P,6%,8) = $6441.44 = Adigital =57,200(A/P,6%,n) TI-83 TVM Solver givers n = 13.06 years This study source was downloaded by 100000788493483 from CourseHero.com on 10-26-2021 05:15:52 GMT-05:00 6: An analog oven has a useful life of 7 years and costs $50,000. A digital oven costs $63,200. Assume 6.6% interest. What useful life is required for the digital oven to be a better decision financially? Use annual analysis. Answer: {to within one hundredth year like 12.67) Reasoning/Work

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Finance questions

Question

BC 0 6 . 1 0 0 V DC 3 , . 1 0 0 A 1 kHzI

Answered: 1 week ago