SOLUTION: Two electric motors A and B has the following informations:
Motor A Motor B
First Cost 8,400.00 12,500.0
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Question 1121253: Two electric motors A and B has the following informations:
Motor A Motor B
First Cost 8,400.00 12,500.00
Life/ Years L 7
Annual Income 1,600.00 3,000.00
If the money is worth 12%, find the life L of motor A so that the two motors will be equally desirable.
Answer by solver91311(24713) (Show Source): You can put this solution on YOUR website!
This is a Mathematics help website and is an inappropriate forum for your Economics question.
John
My calculator said it, I believe it, that settles it
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