An investment of $75,000 in equipment that will reduce the time for machining self-locking fasteners will save

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An investment of $75,000 in equipment that will reduce the time for machining self-locking fasteners will save $20,000 per year. At an interest rate of 10% per year, the number of years required to recover the initial investment is closest to:

(a) 6 years

(b) 5 years

(d) 3 years

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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 05:34 AM

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An investment of $75,000 in equipment that will reduce the time for machining self-locking fasteners will save

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Principal P 75000 Rater 10 per year Savings 20000 eve...View the full answer

Engineering economy

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