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A company wants to expand its production facility at a cost of $1,000,000 one year from now due to a recession. However a contractor who
A company wants to expand its production facility at a cost of $1,000,000 one year from now due to a recession. However a contractor who needs work has offered to do the job for $790,000 if the expansion starts now instead of 1 year from now. If the interest is 15% per year, how much of a discount is the company getting
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