Question: Second National Bank is considering adding 5 new ATM machines. Each machine costs $25,000 and installation costs are $15,000 per machine. Second National Bank expects

Second National Bank is considering adding 5 new ATM machines. Each machine costs $25,000 and installation costs are $15,000 per machine. Second National Bank expects the new machines to save $0.33 per transaction on 250,000 transactions per year on the new machines. It also expects the new machines to last for 15 years. If the bank needs to earn a 14 percent return on this investment, what is the net present value of this investment?

		$506,729
		$306,729
		$272,269
		$381,729
		$424,228 Can you provide a step-by-step process and the functions of a financial calculator?

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