Question
You are thinking of building a new machine that will save you $ 1,000 in the first year. The machine will then begin to wear
You are thinking of building a new machine that will save you $ 1,000 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?
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Public Finance In A Changing World
Authors: Peter Birch Sorensen
1998th Edition
0333682211, 978-0333682210
