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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 61
The costs associated with a small X ray inspection system are $40,000 now and $24,000 per year, with a $6000 salvage value after 3 years. Determine the equivalent cost of the system if the real interest rate is 10% per year and the inflation rate is 4% per year.
Explanation
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The formula for calculating annual payme...
Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
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