A company purchased a small equipment for $70000. Annual maintenance costs are expected to be $1850, but extra income will be $14000 per year. How long will it take for the company to recover its...

A company purchased a small equipment for $70000. Annual maintenance costs are expected to<br>be $1850, but extra income will be $14000 per year. How long will it take for the company to<br>recover its investment at an interest rate of 10% per year?<br>Select one:<br>a. n is between 9 and 10<br>b. n is between 5 and 6<br>c. n is between 8 and 9<br>d. n is between 6 and 7<br>

Extracted text: A company purchased a small equipment for $70000. Annual maintenance costs are expected to be $1850, but extra income will be $14000 per year. How long will it take for the company to recover its investment at an interest rate of 10% per year? Select one: a. n is between 9 and 10 b. n is between 5 and 6 c. n is between 8 and 9 d. n is between 6 and 7

Jun 03, 2022

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A company purchased a small equipment for $70000. Annual maintenance costs are expected to be $1850, but extra income will be $14000 per year. How long will it take for the company to recover its...

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