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If the initial purchase cost of Machine B, whose annual operating cost values are given below, is $2000 and its scrap value at the end
If the initial purchase cost of Machine B, whose annual operating cost values are given below, is $2000 and its scrap value at the end of 8 years is $500, find the Future Value with a capital ratio of 11%?
\begin{tabular}{|l|l|} \hline Years & values \\ \hline 1 & 2000 \\ \hline 2 & 2500 \\ \hline 3 & 3000 \\ \hline 4 & 3500 \\ \hline 5 & 4000 \\ \hline 6 & 4500 \\ \hline 7 & 5000 \\ \hline 8 & 5500 \\ \hline \end{tabular}Step by Step Solution
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