Solution-What annual payments must be made if air is given

What annual payments must be made if air is given

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Question: The Bamboo Furniture Company manufactures rattan patio furniture. It has just purchased a machine for $13,500 to cut and glue the pieces of wood. The machine is expected to last five years. If the company establishes a sinking fund to replace this machine, what annual payments must be made if the annual interest rate(AIR) is 8%?

Reference no: EM131627738

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What annual payments must be made if air is given

Reference no: EM131627738

Reference no: EM131627738

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