What would the future worth of the savings have to be

Reference no: EM131004294

Infrared thermometers by Delta Thermal Products are compatible with type K thermocouples and can provide rapid non contact measurement capabili- ties at a cost of $135 per unit. A small private electric utility company plans to purchase 100 of the thermometers now and 500 more 1 year from now if the anticipated savings in labor costs are realized. What would the future worth of the savings have to be 4 years from now in order to justify the equipment purchases at an interest rate of 12% per year?

Reference no: EM131004294

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