A company is planning to spend $100,000 now for possible replacement of the heating and cooling systems in three of its larger manufacturing plants. If the replacement won't be needed for 4 years, what is an equivalent annual worth if it earns interest at a rate of 8% per year? a. $30,192 b. $29,992 Oc. $30,921 O d. $31,200 ↳ Moving to another question will save this response. Question 2 of 20

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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A company is planning to spend $100,000 now for possible replacement of the heating and cooling systems in three of its larger manufacturing plants. If the replacement won't be
needed for 4 years, what is an equivalent annual worth if it earns interest at a rate of 8% per year?
a. $30,192
b. $29,992
OC. $30,921
O d. $31,200
جا
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Question 2 of 20
Transcribed Image Text:A company is planning to spend $100,000 now for possible replacement of the heating and cooling systems in three of its larger manufacturing plants. If the replacement won't be needed for 4 years, what is an equivalent annual worth if it earns interest at a rate of 8% per year? a. $30,192 b. $29,992 OC. $30,921 O d. $31,200 جا Moving to another question will save this response. Question 2 of 20
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