(Answered) Capital recovery factor ap a small surveying company is

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Capital Recovery Factor (A/P A small surveying company is faced with the expense of buying all new field surveying and office plotting machines at a total cost of $35,000. They don't have that much cash available, but the dealer has offered to accept five equal annual payments at 6% interest. How much would each payment be, and what will be the total cost to the surveying company? Payments are made at the end of each of the 5 years.

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