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Consider an asset that you purchase for $50,000 today. Its nominal resale value after four years of ownership is $15,000. At that time you plan
Consider an asset that you purchase for $50,000 today. Its nominal resale value after four years of ownership is $15,000. At that time you plan to sell it and move to a retirement community in Sarasota Springs, Florida. The nominal discount rate is 6%. What is the annuity payment occuring at the end of years 1, 2, 3, and 4 that has the same net present value as net present cost if the annuity factor is given by
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