COOR Ltd. is buying a new sewing machine for $9 000. It can be sold at the end of its 10 year service life for $800. The firm's MARR is 10%. What is the minimum annual savings that the machine must yield in order to break even on the investment?
A)$2 012
B)$1 415
C)$1 815
D)$1 212
E)$1 692

Question

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The Answer of COOR Ltd. is buying a new sewing machine for $9 000. It can be sold at the end of its 10 year service life for $800. The firm's MARR is 10%. What is the minimum annual savings that the machine must yield in order to break even on the investment?
A)$2 012
B)$1 415
C)$1 815
D)$1 212
E)$1 692

COOR Ltd Is Buying a New Sewing Machine for $9 000