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Consider an asset that you purchase for $122,897. Its nominal resale value after 5 years of ownership is $41,833. At that time you plan to
Consider an asset that you purchase for $122,897. Its nominal resale value after 5 years of ownership is $41,833. At that time you plan to sell it and invest the proceeds elsewhere. What is the net present cost to you of holding this asset if the nominal discount rate is 9%?
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