use interest tables Question 2 Cost information for two alternatives is shown below. The...
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use interest tables Question 2 Cost information for two alternatives is shown below. The service lives of Alternative 1 and 2 are 5 years, and 3 years, respectively. Consider 7% annual interest rate. compounded annually. Select the best alternative. Consider the PW as your selection criterion. Table 1. Cost Information Alternative 2 -$20,000 2,000 -2,000 -2,000 Alternative 1 -$15,000 -7,000 7,000 7,000 -7,000 -7,000 Year Initial Cost 2 3 5
use interest tables
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