Net present value method $-$annuity

Jones Excavation Company is planning an investment of $$1,002,200$ for a bulldozer. The bulldozer is expected to operate for $3,000$ hours per year for $10$ years. Customers will be charged $$150$ per hour for bulldozer work. The bulldozer operator costs $$33$ per hour in wages and benefits. The bulldozer is expected to require annual maintenance costing $$30,000.$ The bulldozer uses fuel that is expected to cost $$43$ per hour of bulldozer operation.

Present Value of an Annuity of $$1$ at Compound Interest

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