This is a multi part problem, the assigned problem is 7.21, but I'm totally lost...
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Accounting
This is a multi part problem, the assigned problem is 7.21, but I'm totally lost [The answers are given but i need an explanation as to how to get them]
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[7.21] Compute the capital recovery for the machine of Problem, 7.15, using (7.6). Compare with the answer to Problem 7.20 (answer to 7.20 is $22 941.26 per year). Answer $2941.25 = $22 941.26 - $20 000
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[7.15] A used machine costs $20 000 to purchase. It has an annual maintenance cost of $20 000, a salvage value of $5000, and a 10-year life. If the interest rate is 10% per year, compounded annually, what is the present-worth cost of the machine? Answer $140 960.12
[7.6] is below
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