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i safari File Edit View History Bookmarks Window Help 100% Sun 18:40 a E 0 Other Math question Online Chapter 3 Home... Chegg Study l Other Math question Toselli Animation Eng Economy Class Other Math question | Online Chapter 3 Homework Saved Help Save & Exit Submit Check my work Problem 03.047 Shifted Gradients Calculate the present worth of all costs for a newly acquired machine with an initial cost of $30,000, no trade-in value, a life of 12 years, and an annual operating cost of $14,000 for the first 6 years, increasing by 10% per year thereafter. Use an interest rate of 10% per year. points The present worth of all costs for a newly acquired machine is determined to be $ eBoak Hint Print Mc Graw Hill Prev5 of 6 Next >Explanation / Answer
present worth of all the costs will be
=30000+14000/(1+10%)^1+14000/(1+10%)^2+14000/(1+10%)^3+14000/(1+10%)^4+14000/(1+10%)^5+14000/(1+10%)^6+(14000*(1+10%)^1)/(1+10%)^7+(14000*(1+10%)^2)/(1+10%)^8+(14000*(1+10%)^3)/(1+10%)^9+(14000*(1+10%)^4)/(1+10%)^10+(14000*(1+10%)^5)/(1+10%)^11+(14000*(1+10%)^6)/(1+10%)^12
=138389.46
the above is answer..
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