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Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
Edition 7ISBN: 978-0073376301Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
Edition 7ISBN: 978-0073376301 Exercise 14
An environmental testing company needs to purchase equipment 2 years from now and expects to pay $50,000 at that time. At a real interest rate of 10% per year and inflation rate of 4% per year, what is the present worth of the cost of the equipment
Explanation
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The formula for calculating the present ...
Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
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