Dick tracy builds a two way wrist radio for 8000 it costs, Financial Management

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Dick tracy builds a two way wrist radio for 8000 it costs

Dick Tracy builds a two way wrist radio for $8,000. It costs Dick $1800 a year to operate the radio. Dick uses the wrist radio for 5 years before upgrading the electronics for $3000. What is the total cost of the watch radio for the 5 years? Dick has a favorable interest rate of 5% from the City’s First Bank.

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Financial Management: Dick tracy builds a two way wrist radio for 8000 it costs

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