Question: Question 3 2 pts A company purchases a new sensor unit for $14,305 which will be used for 11 years and has an annual O&M

 Question 3 2 pts A company purchases a new sensor unit

Question 3 2 pts A company purchases a new sensor unit for $14,305 which will be used for 11 years and has an annual O&M cost of $100 per year. How much revenue would need to be produced by the sensor unit annually for the company to break even on the initial and O&M costs of the unit at an interest rate of 2%? Round to the nearest cent. 2 pts Question 4 You are offered two investment options at an interest rate of 2% over 7 years. The first option is to invest a uniform payment each year, the second option is to invest with annual payments that increase by $542 per year, however in this plan your payment at the end of year 1 is $0. What would be the equivalent annual payment in the first option? Round to the nearest cent

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