Adams Manufacturing spent $30,000 on a new sterilization conveyor belt, which resulted in a cost savings of $4202 per year. The length of time it should take to recover the investment at 8% per year is closest to: (a) Less than 6 years (b) 7 years (c) 9 years (d) 11 years
Adams Manufacturing spent $30,000 on a new sterilization conveyor belt, which resulted in a cost savings of $4202 per year. The length of time it should take to recover the investment at 8% per year is closest to: (a) Less than 6 years (b) 7 years (c) 9 years (d) 11 years
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Adams Manufacturing spent $30,000 on a new
sterilization conveyor belt, which resulted in a cost
savings of $4202 per year. The length of time it
should take to recover the investment at 8% per
year is closest to:
(a) Less than 6 years (b) 7 years
(c) 9 years (d) 11 years
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