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2. Assume the following compounding discounting questions assume year end each flow. The Chicago hope hospital purchased a mri machine for $12 million dollars making

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2. Assume the following compounding discounting questions assume year end each flow. The Chicago hope hospital purchased a mri machine for $12 million dollars making a 6 year loan at 8% a. What will be the annual payment for the machine? he price of the Mri machine (12 million) is rising at a fixed rate of 2% each year. How much would it cost to replace the mri machine 6 years from now? b. T

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