Maurice Tutor

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    Argosy University/ Phoniex University/
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    Phoniex University
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Category > Management Posted 12 Oct 2017 My Price 3.00

manufacturing facility

2.58    Expenses associated with heating and cooling a large manufacturing facility owned by Nippon Steel are expected to increase according to an arithmetic gradient. If the cost is $550,000 now (i.e., year 0) and the company expects the cost to increase by $40,000 each year through year 12, what is the equivalent annual worth in years 1–12 of the energy costs at an interest rate of 10% per year?

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Maurice Tutor
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Status NEW Posted 12 Oct 2017 10:10 AM My Price 3.00

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