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A machine has a first cost of 70000 its market value

Question: A machine has a first cost of $70,000. Its market value declines by 20 % per year. The operating and maintenance costs start at $9,000 per year and increase by $2,500 per year. The interest rate is 9%. What is the Annual Worth of the machine that corresponds to its Economic Service Life?

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Finance Basics: A machine has a first cost of 70000 its market value

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