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A construction firm can achieve a $15,000 cost savings in Year 1 and increasing by 10% each year for the next 5 year by upgrading

A construction firm can achieve a $15,000 cost savings in Year 1 and increasing by 10% each year for the next 5 year by upgrading some equipment. At an interest rate of 15% per year, what is the equivalent annual worth of the savings

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