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A construction company has an option to purchase a certain bulldozer for $1 10,000 at any time between now and 4 years from now. If

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A construction company has an option to purchase a certain bulldozer for $1 10,000 at any time between now and 4 years from now. If the company plans to purchase the dozer 4 years from now, the equivalent present amount that the company is paying for the dozer at 12 % per year interest is closest to? CFD

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