ENGINEERING ECONOMIC ENHANCED EBOOK
ENGINEERING ECONOMIC ENHANCED EBOOK
14th Edition
ISBN: 9780190931940
Author: NEWNAN
Publisher: OXF
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Chapter 13, Problem 7P
To determine

To find: Economical life of pipe.

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A new punching machine will cost $4,382. At the end of its 10 years useful life, the machine can be sold for $780. The new machine will reduce annual expenses by $620. The interest rate is 10%.
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What is the future value of $100 next year. If discount rate is 5% annually.
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