Find the equivalent annual worth of the savings

Reference no: EM132157908

Question: A construction firm can achieve a $15,000 cost savings in Year 1 and increasing by $2000 each year for the next 5 years by upgrading some equipment. At an interest rate of 15%, what is the equivalent annual worth of the savings? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132157908

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