Tuesday

October 21, 2014

October 21, 2014

Posted by **Will** on Tuesday, November 30, 2010 at 1:39am.

a) Find the present value of the revenue earned by the machine during the first year of operation. Round your answer to the nearest cent.

b) Determine how long it will take for the machine to pay for itself; that is, how long until the present value of the revenue is equal to the cost of the machine. Round your answer to the nearest hundredth.

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