Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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You bought the latest IPhone 13 for your online business for 94 000. With this your online income has increased by 1000 annually. After 7 years your iPhone 13 can be sold at 14 000. What should your MARR be so that you would have a breakeven? Is it economically viable?
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