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6. A company that makes self-clinching fasteners expects to purchase new production-line equipment in 3 years. If the new units will cost Php18M, how much should the company set aside each year, if the account earns 10% per year? A Php7.24M Php59.58M C Php44.76M D Php5.44M

6. A company that makes self-clinching fasteners expects to purchase new production-line equipment in 3 years. If the new units will cost Php18M, how much should the company set aside each year, if the account earns 10% per year? A Php7.24M Php59.58M C Php44.76M D Php5.44M

Structural Analysis
Structural Analysis
6th Edition
ISBN:9781337630931
Author:KASSIMALI, Aslam.
Publisher:KASSIMALI, Aslam.
Chapter2: Loads On Structures
Section: Chapter Questions
Problem 1P
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6. A company that makes self-clinching fasteners expects to purchase new production-line equipment in 3 years. If the new units will cost Php18M, how much should the company set aside each year, if the account earns 10% per year? A Php7.24M B Php59.58M Php44.76M D Php5.44M
Transcribed Image Text:6. A company that makes self-clinching fasteners expects to purchase new production-line equipment in 3 years. If the new units will cost Php18M, how much should the company set aside each year, if the account earns 10% per year? A Php7.24M B Php59.58M Php44.76M D Php5.44M
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