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A company plans to invest $12,000 dollars on new equipment to reduce operating costs. It is estimated that the savings will be $6,000 per year

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A company plans to invest $12,000 dollars on new equipment to reduce operating costs. It is estimated that the savings will be $6,000 per year for the 10 year life of the equipment. Determine the net future worth (NEW) of the equipment at 6% interest. Express your answer in $ to the nearest $100

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