How many years must the current machine last

Assignment Help Finance Basics

Reference no: EM132029861

Question: Part of the income generated by an ice cream machine is saved to purchase a new machine in the future. If $6,000 is deposited annually at 4.5% interest, how many years must the current machine last before a new machine costing $50,000 can be purchased? The first deposit will occur exactly one year from now.

Reference no: EM132029861

Questions Cloud

Net income not paid out to common stockholders as dividends : The net income not paid out to common stockholders as dividends is accumulated as:

What is the conventional b-c ratio for the investment : As part of a broad effort to invigorate its pipeline and move more aggressively into biotechnology, a major pharmaceutical company plans to set up.

Determine the center of gravity of a cube half made : How would you determine the center of gravity of a cube half made from wood and half from aluminum?

Find the airplane acceleration : Find the airplane's acceleration and calculate how much time elapses while the airplane covers those 47700 m.

How many years must the current machine last : Part of the income generated by an ice cream machine is saved to purchase a new machine in the future. If $6,000 is deposited annually at 4.5% interest.

What is the present value of these receipts : What is the present value of these receipts?

What is the magnitude of the coin displacement : If the clock starts when the coin begins to fall, what is the magnitude of the coin's displacement between t1 = 0.384 s and t2 = 0.576 s?

Discuss about a physical security policy : Our dependence on computers has resulted in massive amounts of sensitive, and valuable information being physically and digitally stored.

Compute the profit with the current equipment : Compute the profit with the current equipment and the expected profit with the new equipment.

User Account

All Pages