Example 3: Applying present worth when useful lives are equal Interest: 8%; N = 6 years Alternatives Atlas Tom Thumb Cost $2000 $3000 Uniform Annual End-of-Useful-Life Salvage Value Benefit $450 $600 $200 $700
Example 3: Applying present worth when useful lives are equal Interest: 8%; N = 6 years Alternatives Atlas Tom Thumb Cost $2000 $3000 Uniform Annual End-of-Useful-Life Salvage Value Benefit $450 $600 $200 $700
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![Example 3: Applying present worth when useful lives are equal
Interest: 8%;
N = 6 years
Alternatives
Atlas
Tom Thumb
Cost
$2000
$3000
Uniform Annual End-of-Useful-Life
Salvage Value
Benefit
$450
$600
$200
$700](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3605d48e-f9c5-4d5f-a899-babdd5d013d2%2F5e49ae0d-d7db-4c08-8b18-fa85baea2100%2F6k6hx8de_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Example 3: Applying present worth when useful lives are equal
Interest: 8%;
N = 6 years
Alternatives
Atlas
Tom Thumb
Cost
$2000
$3000
Uniform Annual End-of-Useful-Life
Salvage Value
Benefit
$450
$600
$200
$700
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