Question
***Please DRAW CASH FLOW diagram*** A small commercial building contractor purchased a used crane 2 years ago for $60,000. Its operating cost was $2,500 in
***Please DRAW CASH FLOW diagram***
A small commercial building contractor purchased a used crane 2 years ago for $60,000. Its operating cost was $2,500 in month one, $2,550 in month two, and amounts increasing by $50 per month through the end of year two (now). If the crane was sold for $48,000 now, what was its equivalent monthly cost at an interest rate of 1% per month?
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Analysis Of Financial Data
Authors: Gary Koop
1st Edition
0470013214, 978-0470013212
