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ABC Inc. agrees with Home Renovations Inc. to pay $ 3 0 , 0 0 0 in five years for a lawnmower. Interest rates are

ABC Inc. agrees with Home Renovations Inc. to pay $

30, 000

in five years for a lawnmower. Interest rates are

8 %

compounded

semi

-

annually. How much should ABC Inc. debit to capital assets upon making this purchase? Please round to the nearest whole

number.

Multiple Choice

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