A professional mechanics who specializes in truck engines paid $46,000 for equipment that will have a $4800 salvage value after 5 years. The costs with each usage amount to $60 per day. The income is $290 per day for his services, how many days per year must he be worked in order to break even at an interest rate of 7% per year?

A professional mechanics who specializes in truck engines paid $46,000 for equipment that will have a $4800 salvage value after 5 years. The costs with each usage amount to $60 per day. The income is $290 per day for his services, how many days per year must he be worked in order to break even at an interest rate of 7% per year?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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