The energy costs of a company involved in powder coating of outdoor furniture are expected to increase
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The energy costs of a company involved in powder coating of outdoor furniture are expected to increase at a rate of $400 per year. The cost at the end of the next year (year 1) is expected to be $13,000. How many years will it be from now before the equivalent annual cost is $16,000 per year, if interest is 8% per year?
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Fig 1 Cashflow of the Problem Given A p 13000 G 400 A 16000 i 8 Solution P P A P G ...View the full answer
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