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15. A machine costs $20,000 and will last four years. The real discount rate is 10%. Suppose you buy the machine and immediately rent it

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15. A machine costs $20,000 and will last four years. The real discount rate is 10%. Suppose you buy the machine and immediately rent it to someone else. How much would you actually have to charge in year 1 to cover inflation if there is a steady 2% per year inflation? (a) $6,309 $6,585 $6,436 $6, 183 $5,000

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