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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 3
Harmony Corporation plans to set aside $60,000 per year beginning 1 year from now for replacing equipment 5 years from now. What will be the purchasing power (in terms of current-value dollars) of the amount accumulated, if the investment grows by 10% per year, but inflation averages 4% per year
Explanation
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The formula for calculating the present ...
Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
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