Firm purchased some equipment at a very favourable price

Assignment Help Business Economics

Reference no: EM13802683

A firm purchased some equipment at a very favourable price of $30,000. The equipment resulted in an annual net saving of $1,000 per year during the 8 years it was used. At the end of 8 years, the equipment was sold for $40,000. Assuming interest at 8%, find the annual worth of the equipment. Round up to nearest dollar. Put the negative sign in your answer, but do not put in a $ sign.

Reference no: EM13802683

Questions Cloud

What is the annual worth-infinite time frame : What is the annual worth for option A if the initial cost is $100 and there is a uniform annual benefit of $10 for an infinite time frame? Interest rate is 8%. Do not put $ in answer.

What is the equivalent uniform annual cost of the machine : A machine costs $20,000 and has a 5 year useful life. At the end of the 5 years, it can be sold for $4,000. If annual interest is 8%, compounded semi annually, what is the equivalent uniform annual cost of the machine?

Strategy formulation globalization and entrepreneurial stra : Week 1 The Strategic Management Process Week 2 Strategic analysis Select your Course Project organization and post it here. State why you chose it. Be sure no one has chosen the same one already by reading prior posts so that no organization has been..

Who are the key members of the team : Who are the key members of the team? What strengths do they bring to the venture? What outside assistance will you have (board of directors, board of advisors, etc?) Be specific.

Firm purchased some equipment at a very favourable price : A firm purchased some equipment at a very favourable price of $30,000. The equipment resulted in an annual net saving of $1,000 per year during the 8 years it was used. At the end of 8 years, the equipment was sold for $40,000. Assuming interest at 8..

Difference in change in supply-change in quantity supplied : What is the difference between a change in supply and a change in quantity supplied?

Write an essay about the article i have a dream : Write an essay about the article "I Have a Dream" by Martin Luther King.

Term paper on dhs progress : Term Paper: DHS Progress

Budgeted a maximum month for a car loan : You have budgeted a maximum of $250 per month for a car loan. (a) If your bank offers financing terms of 60 months at a yearly 12% interest, what is the most you can pay for a car? Do not put a $ or comma in your answer. Make sure you put interest in..

User Account

All Pages