Chemical costs associated with a packed-bed flue gas incinerator for odor control have been decreasing uniformly for 5 years because of increases in efficiency. If the cost in year 1 was $100,000 and it decreased by $5,000 per year through year 5, the present worth of the costs at 10% per year is closest to: (a) $344, 771 (b) $402, 200 (c) $515, 400 (d) $590, 700 (e) None of the above
Chemical costs associated with a packed-bed flue gas incinerator for odor control have been decreasing uniformly for 5 years because of increases in efficiency. If the cost in year 1 was $100,000 and it decreased by $5,000 per year through year 5, the present worth of the costs at 10% per year is closest to: (a) $344, 771 (b) $402, 200 (c) $515, 400 (d) $590, 700 (e) None of the above
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![Chemical costs associated with a packed-bed flue gas incinerator for odor control have been decreasing
uniformly for 5 years because of increases in efficiency. If the cost in year 1 was $100,000 and it
decreased by $5,000 per year through year 5, the present worth of the costs at 10% per year is closest
to:
(a) $344, 771
(b) $402, 200
(c) $515, 400
(d) $590, 700
(e) None of the above
a
b
C
d
e](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ffd65911d-c5e2-448e-aebe-57fea5e6597d%2F3feb295b-3314-4e04-9c25-ac8076eabe9d%2Ftpywjzl_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Chemical costs associated with a packed-bed flue gas incinerator for odor control have been decreasing
uniformly for 5 years because of increases in efficiency. If the cost in year 1 was $100,000 and it
decreased by $5,000 per year through year 5, the present worth of the costs at 10% per year is closest
to:
(a) $344, 771
(b) $402, 200
(c) $515, 400
(d) $590, 700
(e) None of the above
a
b
C
d
e
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