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Ford Motor Company was able to reduce by 73% the cost required for installing data acquisition instrumentation on test vehicles by using MTS-developed spinning wheel force transducers. The cost this year (i.e., end of year 1) is expected to be $3400. If the costs are expected to increase by $250 each year for the next 4 years, what is the equivalent annual worth of the costs (years 1- 5) at an interest rate of 7% per year? The equivalent annual worth is $ Ford Motor Company was able to reduce by 73% the cost required for installing data acquisition instrumentation on test vehicles by using MTS-developed spinning wheel force transducers. The cost this year (i.e., end of year 1) is expected to be $3400. If the costs are expected to increase by $250 each year for the next 4 years, what is the equivalent annual worth of the costs (years 1- 5) at an interest rate of 7% per year? The equivalent annual worth is $
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Related Book For
Business Statistics For Contemporary Decision Making
ISBN: 978-1118749647
8th edition
Authors: Black Ken
Posted Date:
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