Slick oil Company is considering the purchase of a new turbo-generator set that will last 5 years with a cost of P50,000. Maintenance will cost P6000 the first year, decreasing by P1000 each year to P2000 the 5th year. If the interest rate is 8% per year, compounded annually, how much money should the company set aside for this machine? P65, 863.57 P66, 683.57 P66, 583.57 P65, 683.57

Slick oil Company is considering the purchase of a new turbo-generator set that will last 5 years with a cost of P50,000. Maintenance will cost P6000 the first year, decreasing by P1000 each year to P2000 the 5th year. If the interest rate is 8% per year, compounded annually, how much money should the company set aside for this machine? P65, 863.57 P66, 683.57 P66, 583.57 P65, 683.57

Structural Analysis

6th Edition

ISBN:9781337630931

Author:KASSIMALI, Aslam.

Publisher:KASSIMALI, Aslam.

Chapter2: Loads On Structures

Section: Chapter Questions

Problem 1P

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