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Slick oil Company is considering the purchase of a new turbo-generator set that will last 5 years with a cost of P50,000. Maintenance will cost P6000 the first year, decreasing by P1000 each year to P2000 the 5th year. If the interest rate is 8% per year, compounded annually, how much money should the company set aside for this machine? P65, 863.57 P66, 683.57 P66, 583.57 P65, 683.57

Slick oil Company is considering the purchase of a new turbo-generator set that will last 5 years with a cost of P50,000. Maintenance will cost P6000 the first year, decreasing by P1000 each year to P2000 the 5th year. If the interest rate is 8% per year, compounded annually, how much money should the company set aside for this machine? P65, 863.57 P66, 683.57 P66, 583.57 P65, 683.57

Structural Analysis
Structural Analysis
6th Edition
ISBN:9781337630931
Author:KASSIMALI, Aslam.
Publisher:KASSIMALI, Aslam.
Chapter2: Loads On Structures
Section: Chapter Questions
Problem 1P
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Slick oil Company is considering the purchase of a new turbo-generator set that will last 5 years with a cost of P50,000. Maintenance will cost P6000 the first year, decreasing by P1000 each year to P2000 the 5th year. If the interest rate is 8% per year, compounded annually, how much money should the company set aside for this machine? P65, 863.57 O P66, 683.57 P66, 583.57 O P65, 683.57
Transcribed Image Text:Slick oil Company is considering the purchase of a new turbo-generator set that will last 5 years with a cost of P50,000. Maintenance will cost P6000 the first year, decreasing by P1000 each year to P2000 the 5th year. If the interest rate is 8% per year, compounded annually, how much money should the company set aside for this machine? P65, 863.57 O P66, 683.57 P66, 583.57 O P65, 683.57
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