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15 (1.5 points) Air Oceana would like to purchase an equipment at the end of 10 years. It plans to save $500,000 at the beginning
15 (1.5 points) Air Oceana would like to purchase an equipment at the end of 10 years. It plans to save $500,000 at the beginning of each of the next 10 years. How much savings will Air Oceana have in its account at the end of 10 years if it expects a 5% rate of return? $4,053,911 $8,144,473 $6,985,821 $6,288,946 $3,860,867 $6,603,394
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