Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. 4. part of the income that a machine generates is

4. Part of the income that a machine generates is put into a sinking fund...

90.2K

Verified Solution

Question

Finance

image

4. Part of the income that a machine generates is put into a sinking fund to pay for replacement of the machine when it wears out. If $2,000 is deposited annually at 7% interest compound- ed annually, how many years must the machine be kept before a new machine costing $30,000 can be purchased

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

1) List, define and provide examples for each of the (3) major theoretical approaches in sociology. 2)...

Psychology
Q

What is the difference between work function and electron affinity energy? Is there any relation between...

Physics
Q

Unit IV Assignment Template-Group For this assignment, you will evaluate factors that impact the evolution of equal...

General Management
Q

A small ball of mass m at rest is struck by a large big ball...

Physics
Q

Suppose that the regression for predicting weight in pounds from Height in inches is given...

Statistics
Q

Divide and simplify 18a 9a 27 3a 18a 9a 27 2 3a

Algebra
Q

1 Solve by graphing y x 2x 1 y 2x 1 b x y 4...

Algebra
Q

Consider an asset with upfront cost of $39,865. The net revenue associated with it...

Accounting
Q

ebits Add Debits Allowance Debits Bad Debts Expense O Debits Cash and credits Accounts QUESTION...

Accounting
Q

A pension fund manager is considering three mutual funds. The first is a stock fund,...

Finance
Q

Mauro Products distributes a single product, a woven basket whose selling price is $19 per...

Accounting
Q

2. Cemex Cement Bangladesh Ltd. (hereafter referred to as "Cemex") is contemplating to have an...

Finance