Purchased some equipment for landscaping business

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Saul Cervantes has just purchased some equipment for his landscaping business. For this equipment he must pay the following amounts at the end of each of the next five years: $10,600, $8,290, $9,720, $12,890, and $11,190. If the appropriate discount rate is 6.030 percent, what is the cost in today’s dollars of the equipment Saul purchased today? (Round answer to 2 decimal places, e.g. 15.25.)

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Reference no: EM131844654

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Purchased some equipment for landscaping business : Saul Cervantes has just purchased some equipment for his landscaping business.

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