An industrial juicier costs$45,000. It will be used for five years and then sold to market for$25,000. If interest is15%, what net yearly savings are needed to justify its purchase? Show your calculation steps.

Economics Today and Tomorrow, Student Edition
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ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter6: Saving And Investing
Section6.1: Why Save?
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An industrial juicier costs$45,000. It will be used for five years and then sold to market for$25,000. If interest is15%, what net yearly savings are needed to justify its purchase? Show your calculation steps.
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