A certain machinery costs P40,000.00 will last 12 years with a salvage value of P5,000.00. Money is worth 4%. If the owner decides to sell it after using it for 5 years, what should his price be so that he will not lose or gain financially in the transaction? Use the sinking fund method.
A certain machinery costs P40,000.00 will last 12 years with a salvage value of P5,000.00. Money is worth 4%. If the owner decides to sell it after using it for 5 years, what should his price be so that he will not lose or gain financially in the transaction? Use the sinking fund method.
Elements Of Electromagnetics
7th Edition
ISBN:9780190698614
Author:Sadiku, Matthew N. O.
Publisher:Sadiku, Matthew N. O.
ChapterMA: Math Assessment
Section: Chapter Questions
Problem 1.1MA
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A certain machinery costs P40,000.00 will last 12 years with a salvage value of P5,000.00. Money is worth 4%. If the owner decides to sell it after using it for 5 years, what should his price be so that he will not lose or gain financially in the transaction? Use the sinking fund method.
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