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The finance department of your company informs you that manufacturing costs for small printed circuit board electronics will be increasing uniformly for 5 years. For
The finance department of your company informs you that manufacturing costs for small printed circuit board electronics will be increasing uniformly for 5 years. For 2019, the cost will be $54,000 and will increase by $1,800 per year through 2023. For tax purposes, you prefer to monitor manufacturing costs on an annual basis. What is the annual cost of the costs starting from 2018(year1) to 2023? The interest rate is 10% per year.
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