ou are asked by the manager of your company to determine the sum required to buy a company car and then replace it and succeeding cars, every 3 years up to a period of 24 years. The trade-in value at the end of each 3 years is estimated to be P 11,000 and it costs P 25,000 delivered. Yearly operating costs, including depreciation are estimated to be P 8,500 annually. The endowment funds are to be invested at 6%. The fund is to have a balance of P 25,000 remaining at the end of 24 years. 113,078.72 55,190.67 104,578.72 106,678.04 115,178.03 199,443.85
ou are asked by the manager of your company to determine the sum required to buy a company car and then replace it and succeeding cars, every 3 years up to a period of 24 years. The trade-in value at the end of each 3 years is estimated to be P 11,000 and it costs P 25,000 delivered. Yearly operating costs, including depreciation are estimated to be P 8,500 annually. The endowment funds are to be invested at 6%. The fund is to have a balance of P 25,000 remaining at the end of 24 years. 113,078.72 55,190.67 104,578.72 106,678.04 115,178.03 199,443.85
Chapter2: Loads On Structures
Section: Chapter Questions
Problem 1P
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You are asked by the manager of your company to determine the sum required to buy a company car and then replace it and succeeding cars, every 3 years up to a period of 24 years. The trade-in value at the end of each 3 years is estimated to be P 11,000 and it costs P 25,000 delivered. Yearly operating costs, including depreciation are estimated to be P 8,500 annually. The endowment funds are to be invested at 6%. The fund is to have a balance of P 25,000 remaining at the end of 24 years.
113,078.72
55,190.67
104,578.72
106,678.04
115,178.03
199,443.85
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