1
answer
0
watching
179
views
14 Feb 2019
John's project has a five-year term, a first cost, no salvage value, and annual savings of $20000. After doing present worth and annual worth calculations with a 17% interest rate, John noticed that the calculated present worth for the project is exactly three times the annual worth. What is the project's first cost?
John's project has a five-year term, a first cost, no salvage value, and annual savings of $20000. After doing present worth and annual worth calculations with a 17% interest rate, John noticed that the calculated present worth for the project is exactly three times the annual worth. What is the project's first cost?
2 Jun 2021