You are working for a company that is considering, Business Economics

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You are working for a company that is considering

You are working for a company that is considering purchasing a new piece of equipment that will reduce operating costs by $4,000 annually. If the purchase price is $50,000, and it has a 25 year life with a salvage value of $5,000, what is the present equivalent cost at 4% interest?

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Business Economics: You are working for a company that is considering

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