After 6 years the press can be sold for 500 what is the
A new drill press has a first cost of $10,000. The net annual income is $1500 the first year, which decreases by $250 each year thereafter. After 6 years, the press can be sold for $500. What is the press' present worth at an interest rate of 12%?
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a new drill press has a first cost of 10000 the net annual income is 1500 the first year which decreases by 250 each
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