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Seema is looking at an investment to upgrade an inspection line at her plant. The initial cost would be $150,000 with a salvage value
Seema is looking at an investment to upgrade an inspection line at her plant. The initial cost would be $150,000 with a salvage value of $36,000 after six years. Use the capital recovery formula to determine how much money must be saved every year to justify the investment at an interest rate of 13 percent. Click the icon to view the table of compound interest factors for discrete compounding periods when i = 13%. The savings would need to be at least $ (Round to the nearest cent as needed.)
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