A plant erected to manufacture socks has a first cost of 10,000,000 with an estimated salvage value of P100,000 at the end of 25 years. Find its appraised value to the nearest P100 by the sinking fund method, assuming at an interest rate of 6%a at the end of :a. 10 years, b. 20 years 2.
A plant erected to manufacture socks has a first cost of 10,000,000 with an estimated salvage value of P100,000 at the end of 25 years. Find its appraised value to the nearest P100 by the sinking fund method, assuming at an interest rate of 6%a at the end of :a. 10 years, b. 20 years 2.
Chapter1: Making Economics Decisions
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![A plant erected to manufacture socks has a first cost of 10,000,000 with an estimated salvage
value of P100,000 at the end of 25 years. Find its appraised value to the nearest P100 by the
sinking fund method, assuming at an interest rate of 6%a at the end of :a. 10 years, b. 20 years
2.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F930681d6-5441-4324-a2b0-678bd6a33623%2F5d707ab5-79eb-4dcb-a935-56892a7d1b52%2Fsryiyjb_processed.png&w=3840&q=75)
Transcribed Image Text:A plant erected to manufacture socks has a first cost of 10,000,000 with an estimated salvage
value of P100,000 at the end of 25 years. Find its appraised value to the nearest P100 by the
sinking fund method, assuming at an interest rate of 6%a at the end of :a. 10 years, b. 20 years
2.
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