A scientist is planning on purchasing a new microscope that will increase yearly profits for his firm by $7,500.00 each year starting at year one and continuing until year six. The microscope has a salvage value of $50,000.00 at year seven. If the initial cost of the microscope is $75, 000.00, what is the present worth of the investment at an interest rate of 8%? don't use ai answer,i will 5 upvotes
A scientist is planning on purchasing a new microscope that will increase yearly profits for his firm by $7,500.00 each year starting at year one and continuing until year six. The microscope has a salvage value of $50,000.00 at year seven. If the initial cost of the microscope is $75, 000.00, what is the present worth of the investment at an interest rate of 8%? don't use ai answer,i will 5 upvotes
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
A scientist is planning on purchasing a new microscope
that will increase yearly profits for his firm by $7,500.00
each year starting at year one and continuing until year
six. The microscope has a salvage value of $50,000.00
at year seven. If the initial cost of the microscope is $75,
000.00, what is the present worth of the investment at
an interest rate of 8%?
don't use ai answer,i will 5 upvotes
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