Determine the equivalent cost per month at an interest

Reference no: EM13204278

Copper Refiner Phelps Dodge purchased a model MTVS peristaltic pump for injecting antiscalant at ite nanofitration water conditioning plant. The cost of the pump was $950. If the chemical cost is $10 per day, determine the equivalent cost per month at an interest rate of 12% per year compounded monthly. Assume 30 days per month and a 3 year pump life.

Reference no: EM13204278

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Determine the equivalent cost per month at an interest : Copper Refiner Phelps Dodge purchased a model MTVS peristaltic pump for injecting antiscalant at ite nanofitration water conditioning plant. The cost of the pump was $950. If the chemical cost is $10 per day, determine the equivalent cost per mont..

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