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4. A machine was purchased under these terms: P 30,000 down and P 5,000 each month for 5 years. If money is worth 12% compounded monthly, what is the cash price of the machine? (10 POINTS)

4. A machine was purchased under these terms: P 30,000 down and P 5,000 each month for 5 years. If money is worth 12% compounded monthly, what is the cash price of the machine? (10 POINTS)

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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Can you please help me answer question no. 04? Thanks!!! The course subject is Engineering Economics.

NOTE: Please include a cash flow diagram if possible. Thanks!

4. A machine was purchased under these terms: P 30,000 down and P 5,000 each month for 5 years. If money is worth 12% compounded monthly, what is the cash price of the machine? (10 POINTS)
Transcribed Image Text:4. A machine was purchased under these terms: P 30,000 down and P 5,000 each month for 5 years. If money is worth 12% compounded monthly, what is the cash price of the machine? (10 POINTS)
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