Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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A certain company has the
following maintenance cost for all
of its machine. On the first 5 years,
the company needs P100,000 per
year and on the next 7 years he
company needs P250,000 per year.
How much will the company pay in
total if they are going to pay all
these costs today? Interest for the
whole duration is 10%
compounded monthly.
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Transcribed Image Text:A certain company has the following maintenance cost for all of its machine. On the first 5 years, the company needs P100,000 per year and on the next 7 years he company needs P250,000 per year. How much will the company pay in total if they are going to pay all these costs today? Interest for the whole duration is 10% compounded monthly.
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