An energy management system that can save $8,040 per year for four (4) years, expenses are $2,000 per year, can be installed at a cost of $20,000. At the end of four (4) it is expected to be sold for $1,250. Using the end of year convention, the rate of return on this planned investment is most nearly: 1.ROR = 9.81% 2. ROR = 10% 03. ROR = 9.5% 04.ROR = 6%
An energy management system that can save $8,040 per year for four (4) years, expenses are $2,000 per year, can be installed at a cost of $20,000. At the end of four (4) it is expected to be sold for $1,250. Using the end of year convention, the rate of return on this planned investment is most nearly: 1.ROR = 9.81% 2. ROR = 10% 03. ROR = 9.5% 04.ROR = 6%
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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