Question
You are thinking of building a new machine that will save you $4,000 in the first year. The machine will then begin to wear out
You are thinking of building a new machine that will save you $4,000 in the first year. The machine will then begin to wear out so that the savings decline at a rate of 3% per year forever. What is the present value of the savings if the interest rate is 7% per year?
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Affordable Housing Finance
Authors: K. Hawtrey
2009th Edition
0230555187, 978-0230555181
