New Paper Products Ltd purchased a new machine for 150 000 This machine adds 25 000 to their revenue every year and costs 7500

Question

New Paper Products Ltd purchased a new machine for 150 000 This machine adds 25 000 to their revenue every year and costs 7500 every year in maintenance costs How long in years will it take the company to recover the 150 000 invested in this machine if the interest rate is 8 assume annual compounding

Kunduz · Accepted Answer

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