A company is considering expanding their production capabilities with a new machine that costs $81,000 and has a projected lifespan of 7 years. They estimate the increased production will provide a constant $12,000 per year of additional income. Money can earn 1.9% per year, compounded continuously. Should the company buy the machine?
A company is considering expanding their production capabilities with a new machine that costs $81,000 and has a projected lifespan of 7 years. They estimate the increased production will provide a constant $12,000 per year of additional income. Money can earn 1.9% per year, compounded continuously. Should the company buy the machine?
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
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Transcribed Image Text:A company is considering expanding their production capabilities with a new machine that costs $81,000
and has a projected lifespan of 7 years. They estimate the increased production will provide a constant
$12,000 per year of additional income. Money can earn 1.9% per year, compounded continuously. Should
the company buy the machine?
Select an answer
life of the machine
over the
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