Explain the present worth method

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Question: A city considers buying a refuse truck for $ 82,000.00 . The truck life is predicted at 7 years. It's salvage value will be 0 $. Annual receipts relating to use of the truck are predicted to be $23,500 per year over 7 years. Use Present Worth method and 14% MARR to determine if it is a good investment.

Reference no: EM131955944

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