9. A company that sells high-purity laboratory chemicals is considering investing in new equipment that will reduce cardboard costs by better matching the size of the products to be shipped to the size of the shipping container. If the new equipment will cost Php1M to purchase and install, how much must the company save each year for 3 years in order to justify the investment, if the interest rate is 10% per year? A Php66465.26 Php88465.26 C Php302114.80 D Php402114.80

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
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9. A company that sells high-purity laboratory chemicals is considering investing in new
equipment that will reduce cardboard costs by better matching the size of the products to
be shipped to the size of the shipping container. If the new equipment will cost Php1M to
purchase and install, how much must the company save each year for 3 years in order to
justify the investment, if the interest rate is 10% per year?
A
Php66465.26
B
Php88465.26
Php302114.80
Php402114.80
Transcribed Image Text:9. A company that sells high-purity laboratory chemicals is considering investing in new equipment that will reduce cardboard costs by better matching the size of the products to be shipped to the size of the shipping container. If the new equipment will cost Php1M to purchase and install, how much must the company save each year for 3 years in order to justify the investment, if the interest rate is 10% per year? A Php66465.26 B Php88465.26 Php302114.80 Php402114.80
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