Precision lathe costs 11000 and will cost 21000 a year to


Precision lathe costs $11,000 and will cost $21,000 a year to operate and maintain. If the discount rate is 12% and the lathe will last for 5 years, what is the equivalent annual cost of the tool?

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Finance Basics: Precision lathe costs 11000 and will cost 21000 a year to
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