A company purchased a quality control system for $41139 which requires $8265 per year maintenance fees for the first 5 years, after which the maintenance fees will increase by 12% per year for the upcoming 7 years. Determine the equivalent total present worth value of preached system during the 12 years operation at i = 15% per year.

Answer rating: 100% (QA)

The present value PV is the current value of a future sum of money or ... View the full answer