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A contractor is considering to purchase a pump. Three pumps with different lengths of useful life are being considered for purchase. If interest is 6%,

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A contractor is considering to purchase a pump. Three pumps with different lengths of useful life are being considered for purchase. If interest is 6%, which pump should be bought? Please show calculation steps in work submission. Compound Interest Table.pdf Pump A Pump B Pump C Initial cost $9,000 $5,000 $6,000 End-of-useful-life salvage value $1,500 $1,000 $1,200 Useful life, in years 18 3 A contractor is considering to purchase a pump. Three pumps with different lengths of useful life are being considered for purchase. If interest is 6%, which pump should be bought? Please show calculation steps in work submission. Compound Interest Table.pdf Pump A Pump B Pump C Initial cost $9,000 $5,000 $6,000 End-of-useful-life salvage value $1,500 $1,000 $1,200 Useful life, in years 18 3

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