A professional photographer who specializes in wedding-related activities paid $46,500 for equipment that will have a $2000 salvage value after 5 years. He estimates that his costs associated with each event amount to $65 per day. If he charges $200 per day for his services, how many days per year must he be employed in order to break even at an interest rate of 8% per year? The number of days required for break even, (in days per year) Round to the nearest three (3) decimal places

A professional photographer who specializes in wedding-related activities paid $46,500 for equipment that will have a $2000 salvage value after 5 years. He estimates that his costs associated with each event amount to $65 per day. If he charges $200 per day for his services, how many days per year must he be employed in order to break even at an interest rate of 8% per year? The number of days required for break even, (in days per year) Round to the nearest three (3) decimal places

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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