An environmental testing company needs to purchase equipment 2 years from now and expects to pay $50,000

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An environmental testing company needs to purchase equipment 2 years from now and expects to pay $50,000 at that time. At a real interest rate of 10% per year and inflation rate of 4% per year, what is the present worth of the cost of the equipment?

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Engineering economy

ISBN: 978-0073376301

7th Edition

Authors: Leland Blank, Anthony Tarquin

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Question Posted: Dec 17, 2012 06:24 AM

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An environmental testing company needs to purchase equipment 2 years from now and expects to pay $50,000

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Engineering economy

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