A machine costs the company $97,000 and its effective life is estimated to be 12 years. If the scrap realizes $2,000 only, what amount should be retained out of profits at the end of each year to accumulate at compound interest at 5% per annum?

Solution

Problems: Logarithms

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Problem 69: Logarithm

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Problem 68: Logarithm

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Problem 62: Logarithm

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Problem 57: Logarithm

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Problem 41: Logarithm

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Logarithms

Problem 41: Logarithm

Solution

Problems: Logarithms

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