How much money can NIU afford to spend now on an energy management system if the software

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How much money can NIU afford to spend now on an energy management system if the software will save the University $57,500 per year for the next 5 years? Use an interest rate of 8% per year. Draw the cash flow diagram.

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Personal Finance

ISBN: 978-1133595830

12th edition

Authors: Thomas Garman, Raymond Forgue

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Posted Date: Nov 23, 2023 07:06 AM

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How much money can NIU afford to spend now on an energy management system if the software

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To calculate the present value of the savings over the next 5 years we can use the formula for the p... View the full answer

Personal Finance

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