A pizza shop owner who needs to buy a new pizza oven is trying to decide between two different used ones. Whichever oven he buys, it will generate $6,000 net revenue per year. But the older pizza oven has a useful life of only 3 years and the newer oven has a useful life of 5 years. If the interest rate is 7% per year, what is the difference in value between the two ovens? (Assume that each

year's revenue is received at the end of the year.)
a. 413.25
b. $10,892.99
c. $15,745.90
d. $24,601.18
e. $8,855.29

Economics

The economies of most less-developed countries (LDCs) are based on:

a. agriculture. b. manufacturing. c. services. d. oil.

View

Economics

Positive incentives do not: a. increase benefits

b. result in an increased level of the related activity. c. reduce costs. d. discourage consumption.

View

Economics