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Business, 11.01.2020 04:31 zitterkoph

Apiece of machinery has an initial cost of $40,000. the machinery is expected to save the company $10,000 in operating expenses per year, but it will also increase maintenance costs by $2000 per year. the effective annual interest rate is 5%. if the machinery is purchased, during what year of operation is it expected to pay for itself? o (a) sixth year (b) seventh year (c) eighth year (d) ninth year o

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