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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 50
A small manufacturing company needs to purchase a machine that will have a first cost of $70,000. The company wants to buy an option that will allow it to purchase the machine for the same price of $70,000 for up to 1 year from now. If the company's MARR is 10% per year, the maximum amount the company should pay for the option is closest to:
A) $5850
B) $6365
C) $6845
D) $7295
A) $5850
B) $6365
C) $6845
D) $7295
Explanation
Verified
Verified
F is future accumulated amount,
n is nu...
Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
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