Assume that a medical device has a useful life

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Assume that a medical device has a useful life of 7 years, and it loses its real value at a constant rate (i.e. 1/7 of the original value per year). At a 6% interest rate, and including depreciation in the calculation, over a 4 year period a $80,000 investment must earn at least approximately ____ to be economically viable.

Reference no: EM131058523

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