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4. A company expects the cost of equipment maintenance to be $5,000 in year one, $4,800 in year two, and amounts decreases by $200 per
4. A company expects the cost of equipment maintenance to be $5,000 in year one, $4,800 in year two, and amounts decreases by $200 per year through year 5. At an interest rate of 10% per year, what would be the present worth of the maintenance cost? t: 10% per year
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