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A machine is purchased by making payments of $ 1 6 , 0 0 0 at the beginning of each of the next five years.

A machine is purchased by making payments of $16,000 at the beginning of each of the next five years. The interest rate was 10%. What was the cost of the machine? Example of Answer: 4000(No comma, space, decimal point, or $ sign) Round: 2.31=2;2.65=3
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