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
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 2 % per year forever. What is the present value of the savings if the interest rate is 4 % per year?
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International Financial Reporting And Analysis
Authors: David Alexander, Ann Jorissen, Martin Hoogendoorn
8th Edition
978-1473766853, 1473766850
