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What is the equivalent annual cost of the tool

Question: A polisher costs $10,000 and will cost $20,000 a year to operate and maintain. If the discount rate is 10 percent and the polisher will last for 5 years, what is the equivalent annual cost of the tool?

A) 33.33%

B) 40.00%

C) 66.67%

D) 80.00%

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Finance Basics: What is the equivalent annual cost of the tool

Reference No:- TGS02046781

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