Calculate the annual worth of the purchase


Julon Petro Materials, Inc. ordered $8.5 million worth of seamless tubes for its drill collars from Timken Company of Canton, Ohio. At 10% per year interest, calculate the annual worth of the purchase over a 12-year amortization period?

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Macroeconomics: Calculate the annual worth of the purchase
Reference No:- TGS0871260

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