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16. Given the two following methods for doing a job, which method should be followed The annual interest rate is 12%. Method A-Initial expenditure is
16. Given the two following methods for doing a job, which method should be followed The annual interest rate is 12%. Method A-Initial expenditure is $17,500; annual cost for each of 4 years is $3,500 Method B--Initial expenditure is $7,000; annual cost for each of years is $7,000
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