What is the press present worth at an interest rate

Reference no: EM132158769

Question: A new drill press has a first cost of $10,000. The net annual income is $1500 the first year, which decreases by $250 each year thereafter. After 6 years, the press can be sold for $500. What is the press' present worth at an interest rate of 12%? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132158769

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