Atlas Long-Haul Transportation is considering installing Valutemp temperature loggers in all of its refrigerated trucks for monitoring temperatures during transit. If the systems will reduce insurance claims by $100,000 in each of the next 2 years, how much should the company be willing to spend now if it uses an interest rate of 12% per year?
What will be an ideal response?
P = 100,000((P/A,12%,2)
= 100,000(1.6901)
= $169,010
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