What is the present worth for the investment

Reference no: EM132144357

Question: A new hydraulic lift will cost $125213. At the end of its 9 years of useful life, the machine can be sold for $39492. The new machine will reduce annual expenses by $21717. The interest rate is 3% compounded annually. What is the present worth for this investment? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132144357

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