Question: Problem #4 (2 points) The operating expenses for a CNC machine have been decreasing by $20,000 each year for the next 8 years. If the

Problem #4 (2 points) The operating expenses for a CNC machine

Problem #4 (2 points) The operating expenses for a CNC machine have been decreasing by $20,000 each year for the next 8 years. If the costs in year 1 are $250,000, what would be the present worth of the costs from year 1 through year 8 at an interest rate of 15% per year compounded annually? Ans. = $872,200

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