Question
Part of the income generated by an ice cream machine is saved to purchase a new machine in the future. If $5,769 is deposited annually
"Part of the income generated by an ice cream machine is saved to purchase a new machine in the future. If $5,769 is deposited annually at 4% interest, how many years must the current machine last before a new machine costing $60,866 can be purchased? The first deposit will occur exactly one year from now. (Enter your answer in number of years as an integer.)"
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Contemporary Engineering Economics
Authors: Chan S. Park
5th edition
136118488, 978-8120342095, 8120342097, 978-0136118480
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