A firm purchased some equipment at a very favorable price of $50,000. The equipment resulted in an a

  

A firm purchased some equipment at a very favorable price of $50,000. The equipment resulted in an annual net saving of $1000 per year during the 8 years it was used. At the end of 8 years, the equipment was sold for $35,000. Assuming interest at 6%, did the equipment purchase prove to be desirable?
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Homework 3
Total Points: 5
Due date: July 18, 2019
1.
2.
(2.​5 points​)​ Find the present worth of the following cash flow diagram if ​i​ = 8%.
(​2.5 points​) A firm purchased some equipment at a very favorable price of $50,000. The
equipment resulted in an annual net saving of $1000 per year during the 8 years it was used.
At the end of 8 years, the equipment was sold for $35,000. Assuming interest at 6%, did the
equipment purchase prove to be desirable?
1

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