Its operating costs are 7000 the first year and increases


A new machine was bought for $9,000 with a life of six years and no salvage value. It's operating costs are $7,000 the first year and increases by 5% for each of the following years. If the MARR = 12%, what was the annual equivalent cost of the machine?

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Finance Basics: Its operating costs are 7000 the first year and increases
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