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What is the present value of an investment in equipment that is expected to provide annual earnings of $66000 for 15 years and to have
What is the present value of an investment in equipment that is expected to provide annual earnings of $66000 for 15 years and to have a resale value of $126000 at the end of that period? Assume a 8% rate and earnings at year-end. The present value of 1 at 8% for 15 periods is 0.31524 . The present value of an ordinary annuity at 8% for 15 periods is 8.55948 . The future value of 1 at 8% for 15 periods is 3.17217. $1158882$604646$564926$714288
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