Question
What is the initial cost of a machine with a life of 6 years that has a salvage value of $95,000 and a capital recovery
What is the initial cost of a machine with a life of 6 years that has a salvage value of $95,000 and a capital recovery cost of $60,000 per year? The firm uses a rate of 8% per year compounded monthly.
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International Economics
Authors: Thomas A. Pugel
15th edition
73523178, 978-0077769529, 007776952X, 978-0073523170
