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//Variable declaration:
i = 0.03375 //Rate of interest (%)
n = 9 //Years to the end of life (yr)
P = 60000 //Cost of exchanger ($)
L = 500 //Salvage value ($)
x = 5 //Time after 5 years (yr)
//Calculation:
SFDF = i/((1+i)**n-1) //Sinking fund depreciation factor
UAP = (P-L)*SFDF //Uniform annual payment ($)
B = ceil(P-((P-L)/n)*x) //Appraisal value after 5 years ($)
//Result:
printf("1. The uniform annual payment made into the fund at the of the year is : $ %.0f",UAP)
printf("2. The appraisal value of the exchanger at the end of the fifth year is : $ %.0f",B)
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