1. Business
  2. Economics
  3. i chose the first answer but it says uncorrect ...

Question: i chose the first answer but it says uncorrect ...

Question details

You are ordering new equipment for the boss. Machine 1 will save $5,000 per year for 6 years; Machine 2 will save $6,000 per year for 5 years. Assume an interest rate of 10% compounded annually. what is the future value of savings from Machine 1 and Machine 2 in Year 6? which machine should you select? $38,578, $36,631, choose Machine 2 $38,578, $36,631, choose Machine 1 $38,578, $40,294, choose Machine 2 $38,578, $40,294, choose Machine 1I chose the first answer but it says uncorrect ???

Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution