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Saul Cervantes has just purchased some equipment for his landscaping business. For this equipment he must pay the following amounts at the end of each of the next five years: $9,722, $10,682, $14,734, $8,892, and $12,034. If the appropriate discount rate is 6.562 percent, what is the cost in today’s dollars of the equipment Saul purchased today?

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M91594328

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