How much money is needed to endure Machine costing Rs.2,500 at the beginning of each year
indefinitely, if money is worth 3% compounded annually?
Answers
Answer:
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Step-by-step explanation:
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Answer:
Total Endurance Cost = Rs.2,500 x 5 = Rs.12,500.
If you want to endure a machine costing Rs.2,500 at the beginning of each year, you will need to have enough money to cover the cost of the machine for the entire duration of its life. Assuming the machine has a useful life of 5 years, you will need to have a total of Rs.12,500 to endure it.
Step-by-step explanation:
To calculate the total amount of money you will need to endure the machine, you can use the following formula:
Total Endurance Cost = Cost of the Machine x Number of Years
In this case, the cost of the machine is Rs.2,500 and the number of years is 5. So, the total endurance cost will be:
Total Endurance Cost = Rs.2,500 x 5 = Rs.12,500
Therefore, to endure a machine costing Rs.2,500 at the beginning of each year, you will need to have a total of Rs.12,500.
It is important to note that this calculation only takes into account the cost of the machine and does not include any additional expenses such as maintenance, repair, or replacement costs.
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