A machine cost $15,000 to install, and has a resale value one year lat
A machine cost $15,000 to install, and has a resale value one year later of $12,000. If the real interest rate is 10%, then the user cost of capital is ________.
A) $4,500
B) $1,500
C) $3,000
D) $1,200
ANSWER
A
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