Capital recovery cost

Rachelle Joy Consigna's picture

Capital recover cost

Submitted by Rachelle Joy Co... on October 5, 2019 - 2:21pm

A machine which costs $100,000 when new, has a lifetime of 15 years and a salvage value of 20% of its original cost. If the interest rate is 10% compounded annually, what is the capital recovery cost?

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