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Border Steel invested $800,000 in a new shearing unit. At an interest rate of 12% per year compounded quarterly, the annual income required to recover

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Border Steel invested $800,000 in a new shearing unit. At an interest rate of 12% per year compounded quarterly, the annual income required to recover the investment in 3 years is closest to: $336,237 $483,552 $675,885 $596,101

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