Business, 29.10.2020 16:10, embersongracie

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?

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You are ordering new equipment for the boss. Machine 1 will save $5,000 per year for 6 years; Machin...