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A small company plans to spend $10,000 in year 2 and $10,000 in year 5 . At an interest rate of effective 10% per year,
A small company plans to spend $10,000 in year 2 and $10,000 in year 5 . At an interest rate of effective 10% per year, compounded semiannually, the equation that represents the equivalent annual worth in years 1 through 5 is
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