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A company is replacing its old tools, they expect to save $10,000 the first year and amounts increasing by $1000 each year after for 5

A company is replacing its old tools, they expect to save $10,000 the first year and amounts increasing by $1000 each year after for 5 years. If the interest is 12% per year what is the equivalent annual worth (EUAW) of the savings?

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