Specializes in wedding-related activities

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A professional photographer who specializes in wedding-related activities paid $16,000 for equipment that will have a $2000 salvage value after five years. He estimates that his costs associated with each event amount to $65 per day. If he charges $300 per day for his services, how many days per year must he be employed in order to breakeven at an interest rate of 8% per year?

Reference no: EM13999742

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