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The cost of a machine is $100,000 and its effective life is 12 years. If the scrap realizes only $5,000, what amount should be retained out of profits at the end of each year to accumulate at C.I. at 5% p.a.?
The cost of a machine is $100,000 and its effective life is 12 years. If the scrap realizes only $5,000, what amount should be retained out of profits at the end of each year to accumulate at C.I. at 5% p.a.?
Solution
Previous article: A man borrows $ 750 from a money-lender and the bill renewed after every half year at an increase of 21%. What time is elapse before it reaches $7,500?
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Standard Costs and Balanced Scorecard
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Investments
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Estimation
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