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A machine is purchased by making payments of $5,000 at the beginning of each of the next five years. The interest rate was 10%. The
A machine is purchased by making payments of $5,000 at the beginning of each of the next five years. The interest rate was 10%. The future value of an ordinary annuity of 1 for five periods is 6.10510. The present value of an ordinary annuity of 1 for five periods is 3.79079. What was the cost of the machine
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Business Intelligence A Managerial Perspective on Analytics
Authors: Ramesh Sharda, Dursun Delen, Efraim Turban
3rd edition
133051056, 978-0133051056
