Problem
A certain machine costs $30,000. Expected revenues are $2500 per quarter for the next 6 years. The quarterly operating cost is $500. The machine can be sold for $1000 at the end of the 6 years. If interest is 8% compounded quarterly, determine the equivalent quarterly worth and the EAW.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.