MMM Consulting is evaluating two oil pumps with the same operating costs. The first pump lasts three years and costs $12 000. The second one lasts 4 years and costs $15 000. Current market interest rate is 8%. Compare the two using the repeated lives method.

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The Answer of MMM Consulting is evaluating two oil pumps with the same operating costs. The first pump lasts three years and costs $12 000. The second one lasts 4 years and costs $15 000. Current market interest rate is 8%. Compare the two using the repeated lives method.

MMM Consulting Is Evaluating Two Oil Pumps with the Same