A contractor purchased a used crane for $11,000. His operating cost will be $2700 per year,...

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A contractor purchased a used crane for $11,000. His operating cost will be $2700 per year, and he expects to sell it for $5000 five years from now. What is the equivalent annual worth of the crane at an interest rate of 10%? A contractor purchased a used crane for $11,000. His operating cost will be $2700 per year, and he expects to sell it for $5000 five years from now. What is the equivalent annual worth of the crane at an interest rate of 10%?

Answer rating: 100% (QA)

To find the equivalent annual worth of the crane at an interest rate of 10 we can use the concept of ... View the full answer