A computer manufacturing company is trying to decide whether to purchase specialized assembly equipment today or wait 13 years from now when the equipment will be first needed . If you were to purchase the equipment today , it would cost $ 759,000 13 years from now the equipment will cost $ 1,404,150 The bank is paying 9.00 % interest per year , compounded monthly .
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compounded of monthly was on 1,404150 is 9.00 Uske bad Jo interest nikal kar aaega usmein bhi 9.00 ka ka interest Milega
Step-by-step explanation:
because compound interest means give on the amount which you deposit in your bank but it also give monthly amount added in your amount and he also give up this
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