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Conventional agricultural equipment has a service life of 6 years. Newly designed equipment is 50% costlier than the conventional one but has more advantages. The

Conventional agricultural equipment has a service life of 6 years. Newly designed

equipment is 50% costlier than the conventional one but has more advantages. The

operating costs of both this equipment are almost same and salvage value is negligible.

What will be the service life of the new equipment that makes its costs comparable to that

of the conventional one at i=10%?

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