A machine costs 10000 has an estimated life of 10 years and


A machine costs $10,000, has an estimated life of 10 years and a scrap value of $1500. Assuming no inflation and an interest rate of 4%, what uniform annual amount must be invested at the end of each of the 10 years in order to replace the machine?

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Finance Basics: A machine costs 10000 has an estimated life of 10 years and
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