What is the annual worth of the machine

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Reference no: EM131562761

A machine costs $90,000 and its market value is going to decrease by 15% every year. The maintenance & operating cost for the first year will be $7,000 and they will increase by 20% every year in subsequent years. If interest is 8% per year, what is the Annual Worth of the machine that corresponds to its Economic Service Life?

Reference no: EM131562761

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