7. A machine that cost $30 000 new has an &year life and a salvage value equal to 10% of its original cost. The annual maintenance cost of this machine is $1000 the first year, with an increase of $200 each year hereafter; the annual operating cost is $800 per year. Determine the EUAC of this machine if the interest rate is 10% per year, compounded annually. Ans. A= $7,761.78
Good day! I need your help tutor please answer the question attached below. The answer is already provided, which means that will be your basis if your answers are correct or not.
Ps. In your solution, you identify the given and the what is being asked in the problem and I want to see the formula that you used and box your final answer. Don't give me a solution that is made in ms excel, I am not econ major so i'm asking for you to do the manual or the traditional computation.Lastly, don't give me a shortcut solution because i want to learn and study your computation :)
Pps. I want you to use the Present Worth Method,Annuity Worth Method, Future Worth Method .(if applicable)
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