Problem 10. A construction company invested $60,000 in a new bulldozer. If the income from temporary leasing of the bulldozer is expected to be $15,000 per year, the length of time required to recover the investment at an interest rate of 18% per year is closest to

Problem 10. A construction company invested $60,000 in a new bulldozer. If the income from temporary leasing of the bulldozer is expected to be $15,000 per year, the length of time required to recover the investment at an interest rate of 18% per year is closest to

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Problem 10. A construction company invested $60,000 in a new bulldozer. If the income from temporary
leasing of the bulldozer is expected to be $15,000 per year, the length of time required to recover the investment
at an interest rate of 18% per year is closest to
Sol.
CFD
Answer

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