A material handling robot has a cost of $40,000 today. If its cost has increased over the past 10 year only by the inflation rate of 6% per year, while the market interest was

A material handling robot has a cost of $40,000 today. If its cost has increased over the past 10 year only by the inflation rate of 6% per year, while the market interest was

 

 

answer:

The cost of the machine 10 years ago based on inflation = $ 40,000 / 1.0610

The cost of the machine 10 years ago based on inflation = $ 22,335.79

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