Question: 2.3 Fred is purchasing production. The initial cost would be $25,000 with a salvage value of $5,000 after ten years. Use the capital recovery formula

2.3 Fred is purchasing production. The initial cost would be $25,000

2.3 Fred is purchasing production. The initial cost would be $25,000 with a salvage value of $5,000 after ten years. Use the capital recovery formula to determine how much money must be saved every year to justify the investment at an interest rate of nine percent. a new forklift for his company to increase in hank account that pays 3% interest

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