your buddy in mechanical engineering has invented a money machine. The main drawback of the...
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your buddy in mechanical engineering has invented a money machine. The main drawback of the machine is that it is slow. It takes one year to manufacture $900.?However, once? built, the machine will last forever and will require no maintenance. The machine can be built? immediately, but it will cost $9,000 to build. Your buddy wants to know if he should invest the money to construct it. If the interest rate is 9.5% per? year, what should your buddy? do? What is your advice if the machine takes one year to? build?
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