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1 . To purchase a certain piece of construction equipment will cost $ 1 5 0 , 0 0 0 at the end of 5

1 .

To purchase a certain piece of construction equipment will cost $

150, 000

at the end of

5

th year. If a company buys the equipment right now, how much money does the company need to pay? Assume interest rate is

10 % .

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