A man deposited (in the bank) 500,000 ID at the end of each month for four years with 10% interest rate. The amount accumulated in the bank was used to purchase construction equipment. The salvage value of this equipment is expected to be ID2.5 M after 15 year. The maintenance. Cost is expected to be 250,000 IDp.a. Find the equivalent annual cost for the equipment.
A man deposited (in the bank) 500,000 ID at the end of each month for four years with 10% interest rate. The amount accumulated in the bank was used to purchase construction equipment. The salvage value of this equipment is expected to be ID2.5 M after 15 year. The maintenance. Cost is expected to be 250,000 IDp.a. Find the equivalent annual cost for the equipment.
Chapter2: Loads On Structures
Section: Chapter Questions
Problem 1P
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A man deposited (in the bank) 500,000 ID at the end of each month for four years with 10%
interest rate. The amount accumulated in the bank was used to purchase construction
equipment. The salvage value of this equipment is expected to be ID2.5 M after 15 year.
The maintenance. Cost is expected to be 250,000 ID p.a. Find the equivalent annual cost for
the equipment.
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