20 nsidering to invest in a vibratory finishing machine. The i s $3,000, and has a useful life of 8 years. The expected an 3. ine is included in the table below. 2 9. 0065 ppropriate gradient and uniform series to determine the p 0% per year. Show all work. 5. 4 00LS 00S$ 1. 00$$ (000'ES
20 nsidering to invest in a vibratory finishing machine. The i s $3,000, and has a useful life of 8 years. The expected an 3. ine is included in the table below. 2 9. 0065 ppropriate gradient and uniform series to determine the p 0% per year. Show all work. 5. 4 00LS 00S$ 1. 00$$ (000'ES
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Solve it correctly not use excel
Transcribed Image Text:J&M is considering to invest in a vibratory finishing machine. The initial cost of this
machine is $3,000, and has a useful life of 8 years. The expected annual revenue of
this machine is included in the table below.
5.
00S$
$700
9.
1.
$500
2.
3.
Year
000'IS 006S
Use the appropriate gradient and uniform series to determine the present worth (P)
using i= 10% per year. Show all work.
008$
($3,000) $500
00S$
CF
*..
Paragraph
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