Question

i)if a certain machine undergoes a major overhaul now, its output can be increased by 20%, which translates into an additional cash return of $20000 at the end of each year for 5 years. If i= 15% per year, how much can we afford to invest now to overhaul this machine?

Answer 1

kbsxlnonaznnonlnaznlazlnaznlnkazaknzaknazknazknaaooojazojaoajojonaxonxsonsxjoxsojwxibsxibsihiwdhiwxwx

Answer 2

Answer:

67043.10196

Step-by-step explanation:

A = $20,000

N = 5 years

i = 15% per year

P=?

P = A(P/A, 15%, 5)