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An investment on a machinery can yield following cash flow for 8 years and in the end of the 8th year resale value will be

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An investment on a machinery can yield following cash flow for 8 years and in the end of the 8th year resale value will be 15,000 dollars. How much can be invested on this machinery at the present time, considering the interest rate of 12% compounded annually. Please explain your work in detail

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