An investment company wants to study the usage of new technology for one of its clients. This technology will decline the human resource usage by 187 (Human Hour/Month). average saving for each Human Hour/month is $450. If this work schedule continues for the next 8 years. what is the future worth of the saving at the end of that time period? Use an interest rate 0.06 per year, compounded monthly.

An investment company wants to study the usage of new technology for one of its clients. This technology will decline the human resource usage by 187 (Human Hour/Month). average saving for each Human Hour/month is $450. If this work schedule continues for the next 8 years. what is the future worth of the saving at the end of that time period? Use an interest rate 0.06 per year, compounded monthly.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 13EB: Conestoga Plumbing plans to invest in a new pump that is anticipated to provide annual savings for...

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