Question
You are thinking of building a new machine that will save you $5,000 in the first year. The machine will then begin to wear out
You are thinking of building a new machine that will save you $5,000 in the first year. The machine will then begin to wear out so that the savings decline at a rate of 2% per year forever. What is the present value of the savings if the interest rate is 10% per year?
The present value is $____ (Round to the nearest dollar)
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Applied Equity Analysis and Portfolio Management Tools to Analyze and Manage Your Stock Portfolio
Authors: Robert A.Weigand
1st edition
978-111863091, 1118630912, 978-1118630914
