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Machinery costs $1 million today and $100,000 per year to operate. It lasts for 19 years. What is the equivalent annual annuity if the discount
Machinery costs $1 million today and $100,000 per year to operate. It lasts for 19 years. What is the equivalent annual annuity if the discount rate is 7% ? Enter your answer in dollars and round to the nearest cent (one-hundredth). Do not include the dollar sign (\$). Do remember to include the negative sign Step by Step Solution
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Introductory Course On Financial Mathematics
Authors: M V Tretyakov
1st Edition
1908977388, 978-1908977380
