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Hillier Hillier
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Posts: 550
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6 years ago
Replacing old equipment at an immediate cost of $5000 and $7000 six years from now will result in a savings of $3000 semi-annually for ten years. At 11% compounded annually, should the old equipment be replaced?
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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josanjosan
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Posts: 361
6 years ago
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Hillier Author
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6 years ago
Thanks
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Yesterday
this is exactly what I needed
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2 hours ago
Smart ... Thanks!
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