Determine the present value of the investment

Reference no: EM13188788

A team of carrying materials costs $ 15,000 and is expected to save 3,000 in operating costs the first year. The increase in operating and maintenance costs will reduce the net savings $ 250 per year until the equipment is replaced at the end of year 10. Determine the present value of this investment if the rate of interest is 15%.

Reference no: EM13188788

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