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24. Tipson Corporation will invest $20,000 every January 1st for the next six years (2020 2025). If Tipson will earn 12% on the investment, what

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24. Tipson Corporation will invest $20,000 every January 1st for the next six years (2020 2025). If Tipson will earn 12% on the investment, what amount will be in the investment fund on December 31, 2025 $? 25. A machine is purchased by making payments of $20,000 at the beginning of each of the next five years. The interest rate was 10%. The future value of an ordinary annuity of 1 for five periods is 6.10510. The present value of an ordinary annuity of 1 for five periods is 3.79079. What was the cost of the machine $

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