A telecom company is planning to purchase equipment and to cover its cost, it deposits annual savings
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A telecom company is planning to purchase equipment and to cover its cost, it deposits annual savings of 20,000 dinars for a period of 10 years and obtains a resale value of 50,000 dinars at the end of that period. Assume that the interest rate is 9% and that savings are realized at the end of the year. Determine the present value of an investment in equipment (cost)?r
Related Book For
Cost Management Measuring Monitoring and Motivating Performance
ISBN: 978-0470769423
2nd edition
Authors: Leslie G. Eldenburg, Susan K. Wolcott
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