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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Transcribed Image Text:1. Suppose an engineer receives an initial annual salary of P 24,000 increasing at the rate of P 1,200
a year. If money is worth 12%, determine his equivalent annual salary for a period of 10 years.
(Ans. P 28,301,58)
2. The year-end operating and maintenance costs of a certain machine are estimated to be P 4,800
the first year and to increase by P 800 each year thereafter during its eight-year life. If capital
is worth 15%, determine the equivalent uniform year-end costs.
(Ans. P 7,025.06)
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