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n amusement park spends $350000 each year in consulting services for ride inspection

An amusement park spends $350,000 each year in consulting services for ride inspection. New actuator element technology enables engineers to simulate complex computer-controlled movements in any direction. How much could the amusement park afford to spend now onthe new technology if the annual consulting services will no longerbe needed? Assume the park uses an interest rate of 12% per yearand it wants to recover its investment in 4 years.

Apr 30 2018 View more View Less

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