A manufacturer purchased $14500 worth of equipment with a useful life of twelve (12) years. Assuming 8%...
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A manufacturer purchased $14500 worth of equipment with a useful life of twelve (12) years. Assuming 8% interest, the equivalent uniform annual cost of the equipment is ______________.
A. 1830.04
B. 2015.57
C. 1860.65
D. 1924.15
Homework Answers
Answer
option D
--------------
A=P*(A|P,i,n)
A=annual uniform value
P=present value
i=interest rate
n=years=useful life
A=14500*(A|P,8%,12)
A=14500*.1327 ............... A|P values from table
A=1924.15
the equivalent uniform annual cost of the equipment is $1924.15
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