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A company spent $30,000 on a new machine, which resulted in a cost savings of $7,915.56 per year. The length of it should be take
A company spent $30,000 on a new machine, which resulted in a cost savings of $7,915.56 per year. The length of it should be take to recover the investment at 10% per year is closest to: Less than 10 years Between 10-12 years Between 12-14 years Higher than 14 years
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