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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: $12,823, $11,146, $10,844, $11,681, and $10,979. If the appropriate discount rate is 8.098 percent, what is the cost in today's dollars of the equipment Saul purchased today? (Round answer to 2 decimal places, e.g. 15.25.) Present value $

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9984325

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