Diesel engine will have guaranteed residual value

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A12-cylinder heavy-duty diesel engine will have a guaranteed residual value of $ 1000 in 5 years. Today (year 0) the equivalent worth of this engine is how much if the interest rate is 9% per year?

Reference no: EM131092878

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Diesel engine will have guaranteed residual value : A12-cylinder heavy-duty diesel engine will have a guaranteed residual value of $ 1000 in 5 years. Today (year 0) the equivalent worth of this engine is how much if the interest rate is 9% per year?

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