You are ordering new equipment for the boss. Machine 1 will save $5,000 per year for 6 years; Machine 2 will save $6,000 per year for 5 years. Assume an interest rate of 10% compounded annually. What is the future value of savings from Machine 1 and Machine 2 in Year 6? Which machine should you select?
a) $38,578, $40,294, choose Machine 1
b) $38,578, $40,294, choose Machine 2
c) $38,578, $36,631, choose Machine 1
d) $38,578, $36,631, choose Machine 2
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please can you ask in English