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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What does EAC stand for?
💡 Hint: Think about what each letter represents.
Question 2
Easy
What is the purpose of calculating a present worth factor?
💡 Hint: Consider why present value is critical in financial decision-making.
Practice 4 more questions and get performance evaluation
Interactive Quizzes
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
What does EAC stand for?
- Equivalent Asset Cost
- Equivalent Annual Cost
- Effective Annual Cost
💡 Hint: Consider the yearly nature of costs.
Question 2
True or False: The present worth factor only applies to costs encountered in the present.
- True
- False
💡 Hint: Think about the purpose of present worth factors.
Solve and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
A new machine costs 5,000,000 rupees, and it has an expected life of 8 years with a salvage value of 1,000,000. What is the EAC at an interest rate of 10%?
💡 Hint: Consider both purchase cost and disposal value during the calculation.
Question 2
Calculate the total EAC for two machines: Machine A costs 3,000,000 rupees with no salvage value, while Machine B costs 3,500,000 rupees with a salvage value of 500,000, both with a lifespan of 5 years and an interest rate of 12%. Which is better?
💡 Hint: Account for both purchase price and estimated salvage values.
Challenge and get performance evaluation