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Question 10 1 pts Machinery costs $1 million today and $100,000 per year to operate. It lasts for 19 years. What is the equivalent
Question 10 1 pts 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!
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Engineering economy
Authors: Leland Blank, Anthony Tarquin
7th Edition
9781259027406, 0073376302, 1259027406, 978-0073376301
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