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If funds equal to the present worth of the cost of purchasing and using some equipment over 20 years were invested at 10% per annum,
If funds equal to the present worth of the cost of purchasing and using some equipment over 20 years were invested at 10% per annum, the value of the investment at the end of 20 years would be about:
A. | $548,000 | |
B. | $676,000 | |
C. | None of the above | |
D. | $880,000 | |
E. | $1,550,000 | |
F. | [DO NOT SELECT] |
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