Sams pays a delivery firm to distribute products. Delivery revenues are 30000 per year. he can buy a truck for 12500 that will be adequate for the next 3 years. operating and maintenance costs are 20000 per year. at the end of 3 years the salvage of the truck is 2500. the Marr is 20% per year. what is the annual worth of the investment
Sams pays a delivery firm to distribute products. Delivery revenues are 30000 per year. he can buy a truck for 12500 that will be adequate for the next 3 years. operating and maintenance costs are 20000 per year. at the end of 3 years the salvage of the truck is 2500. the Marr is 20% per year. what is the annual worth of the investment
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Sams pays a delivery firm to distribute products. Delivery revenues are 30000 per year. he can buy a truck for 12500 that will be adequate for the next 3 years. operating and maintenance costs are 20000 per year. at the end of 3 years the salvage of the truck is 2500. the Marr is 20% per year. what is the annual worth of the investment
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