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Home Q & A Board Science-Related Homework Help Mathematics
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nursecupcake nursecupcake
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A year ago
The provincial government's Ministry of Forest Resources requires a spotter plane for its fire service. The price of a Hawk is $240,000, and its annual operating costs will be $60,000. Given the heavy use it will receive, it will be sold for about $60,000 after five years and replaced. A more durable but less efficient Falcon, priced at $190,000, will cost $80,000 per year to operate, will last seven years, and will have a resale value of $80,000. If the provincial government pays an interest rate of 6.5% compounded annually on its midterm debt, which plane has the lower equivalent annual cost?
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Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
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Moh1995abdelMoh1995abdel
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A year ago
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nursecupcake Author
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A year ago
Brilliant ツ
Jose^2
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Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
bahajo
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2 hours ago
Smart ... Thanks!
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