Question

What is equivalent cost and how do u find it

Answer 1

what is it: is the annual cost of owning and maintaining an asset determined by dividing the net present value of the asset purchase, operations and maintenance cost by the present value of annuity factor.

How to find it: us this formula, 1 − (1 + r)-n

Explanation:

Answer 2

Equivalent is the sum so like adding to numbers together or or like putting two numbers together and giving you the final product