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24. Replacement Analysis: Select the correct answers to fill in the blanks. Enter the letter for each. There are more answers than questions; therefore, some of the items will remain unused. (5 Pts) When replacement analysis is conducted, one of the assets under consideration is In a replacement analysis, the presently-owned In a replacement analysis, irrelevant past costs are The asset is usually known as the known as e usage time that will result in an asset's lowest equivalent annual cost is known as the asset's n an economic service life analysis, the capital recovery term year of ownership. with each a. Presently owned b. Decreases c. Increases d. Replacement Life e. Sunk Costs f. Economic Service Life g. Defender are more answers than questions; therefore, some of the items will remain unused. (5 Pts) 25. Inflation: Select the correct answers to fill in the blanks. Enter the letter for each. There over time. Inflation occurs when the value of the currency has The market interest rate is a combination of the real interest rate and the If future dollars are expressed in terms of today's dollars, the inflation-adjusted present worth is found by using the valuein the present worth factors. In order to obtain the buying (purchasing) power of future dollars in terms of constant value dollars, the first step is to use the market interest rate to obtain the future value (FV) and then divide by To determine the actual amount of money accumulated at a future time, use the a. b. Increased c. Market interest rate e. i+f+ if f Inflation Rate g. Decreased