Problem 3. If the operating cost for a machine is $22,000 per year for years 1 and 2 and then it increases by $1000 per year through year 5, what is the equivalent uniform annual cost per machine (years 1 through 5) at an interest rate of 12% per year? Answer: A = $23,023 per year

Problem 3. If the operating cost for a machine is $22,000 per year for years 1 and 2 and then it increases by $1000 per year through year 5, what is the equivalent uniform annual cost per machine (years 1 through 5) at an interest rate of 12% per year? Answer: A = $23,023 per year

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Please solve with hand by calculation using formulas (not in excel)

Problem 3. If the operating cost for a machine is $22,000 per year for years 1 and 2
and then it increases by $1000 per year through year 5, what is the equivalent
uniform annual cost per machine (years 1 through 5) at an interest rate of 12% per
year?
Answer: A = $23,023 per year

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