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3) If a piece of equipment has a purchase price of $7,000, will pay $1,500 per year in profit for 10 years, will salvage for

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3) If a piece of equipment has a purchase price of $7,000, will pay $1,500 per year in profit for 10 years, will salvage for $1,500, will cost $200 per year in O\&M, and O\&M will increase $100 per year, what is the net present worth of the equipment at 2% ? P= A= F=

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