Question: A pump installation costing Rs . 7 5 , 0 0 0 - with a life span of 7 years having zero salvage value requires

A pump installation costing Rs.75,000- with a life span of 7 years having zero salvage value requires Rs.6,000/- yearly formaintenance and working. Estimate the present worth of the service rendered by the pump, if the money worth is 12%.
[5]
A pump installation costing Rs.75,000- with a life span of 7

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