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A company purchased a quality control system for $ 21,148 which requires $ 3,944 per year maintenance fees for the first 5 years, after which

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A company purchased a quality control system for $ 21,148 which requires $ 3,944 per year maintenance fees for the first 5 years, after which the maintenance fees will increase by $ 939 per year for the upcoming years through the year 8. Determine the equivalent total present worth value of the purchased system during the 8 years operation at 8% per year

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