What amount should the purchaser deduct from the purchase


A steam boiler is purchased on the basis of guaranteed performance. A test indicates that the operating cost will be $300 more per year than the manufacturer guaranteed. If the expected life of the boiler is 20 years, and money is worth 8%, what amount should the purchaser deduct from the purchase price to compensate for the extra operating cost?

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Financial Management: What amount should the purchaser deduct from the purchase
Reference No:- TGS02823836

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