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An investment of $10,000 can be made in a project that will produce five (5) uniform annual revenues and a market value (salvage) value of
An investment of $10,000 can be made in a project that will produce five (5) uniform annual revenues and a market value (salvage) value of $2,000. The company is willing to accept any project that will earn 10% per year or more, on all the invested capital. Compute the annuity that will make this investment worthwhile.
$2,000
$1,600
$2,310
$2,638
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