Mathematics for FinanceMTP Dec 23Question 1591 of 422
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A machine can be purchased for $50,000$. Machine will contribute $12000$ per year for the next five years. Assume borrowing cost is $10\%$ per annum compounded annually. Determine whether machine should be purchased or not.

Options

APurchased
BNot purchased
CInformation insufficient
DNone of these
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Correct Answer

Option bNot purchased

All Options:

  • APurchased
  • BNot purchased
  • CInformation insufficient
  • DNone of these

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