Find the interest rate that makes these two options equivalent concerning present worth. A brand new machine that has a price of $1900 and will have a salvage value of $700 after 3 years. Secondly, An old machine that has a purchase price of $1200 which costs $250 to maintain with a salvage value of $250 after three years.

Answer rating: 100% (QA)

To find the interest rate that makes the two options equivalent concerning present w... View the full answer