Machinery costs $1 million today and $100,000 per year to operate. It lasts for 8 years. What is the equivalent annual annuity if the discount rate is 9% ? Enter your answer in dollars and round to the nearest cent (one-hundredth). Do not include the dollar sign ($). Do remember to include the negative sign!

Machinery costs $1 million today and $100,000 per year to operate. It lasts for 8 years. What is the equivalent annual annuity if the discount rate is 9% ? Enter your answer in dollars and round to the nearest cent (one-hundredth). Do not include the dollar sign ($). Do remember to include the negative sign!

Chemistry: The Molecular Science

5th Edition

ISBN:9781285199047

Author:John W. Moore, Conrad L. Stanitski

Publisher:John W. Moore, Conrad L. Stanitski

Chapter1: The Nature Of Chemistry

Section: Chapter Questions

Problem 33QRT

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