Business, 16.03.2020 18:02, sandy6265

Machinery costs $1 million today and $100,000 per year to operate. It lasts for 5 years. What is the equivalent annual annuity if the discount rate is 5%? Enter your answer in dollars and round to the cent. Remember that costs are negative cash flows; so, include the negative sign.

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Machinery costs $1 million today and $100,000 per year to operate. It lasts for 5 years. What is the...