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A construction company invested $60,000 in a new bulldozer. If the income from temporary leasing of the bulldozer is expected to be $15,000 per year,

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A construction company invested $60,000 in a new bulldozer. If the income from temporary leasing of the bulldozer is expected to be $15,000 per year, the length of time required to recover the investment at an interest rate of 10% per year is closest to: (2 Points) 20 years 5 years 10 years None of the answers 5 The annual worth in years 4 through 8 of an amount of money x that will be received 2 years from now is $4000. At an interest rate of 5% per year, the value of x is closest to: (2 Points) $20,985 $16,494 $9,850 None of the answers

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