What is the equivalent annual worth of the savings

Reference no: EM131776382

Question: Engineering economics; (show all work and steps)

A construction firm can achieve a $15000 cost savings in Year 1 and increasing by 10% each year for the next 5 year by upgrading some equipment. At an interest rate of 15% per year, what is the equivalent annual worth of the savings?

Reference no: EM131776382

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