Structural Analysis
Structural Analysis
6th Edition
ISBN: 9781337630931
Author: KASSIMALI, Aslam.
Publisher: Cengage,
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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
O P66, 683.57
P66, 583.57
O P65, 683.57
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Transcribed Image Text: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 O P66, 683.57 P66, 583.57 O P65, 683.57
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