A Certain Machine Costs $500,000 New

question 65

Multiple Choice

A certain machine costs $500,000 new.It has a useful life of 20 years,at the end of which it can be sold for $50,000.Maintenance costs for the machine are anticipated to be $12,000 per year.What is the annual cost of the machine,if money is worth j₁ = 12%?

• A)$652,045
• B)$518,245
• C)$78,245
• D)$66,000

---

Definitions:

Kurt Lewin

Known as the father of modern social psychology, he developed theories on group dynamics and organizational development.

Function

In mathematics, a relation between a set of inputs and a set of permissible outputs with the property that each input is related to exactly one output; in general, an activity or purpose natural to or intended for a person or thing.

Situation

The set of environmental and contextual circumstances or conditions surrounding and affecting an event, action, or decision.

Demand Characteristics

Features of an experiment that communicate to the participant the experimenter’s hypothesis.