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DaVi Co. plans to purchase a new machine. This new machine will need initial investment of $30,000 now and required $60,000 per year to

DaVi Co. plans to purchase a new machine. This new machine will need initial investment of $30,000 now and required $60,000 per year to operate. If the interest rate is 10% and if the machine will last for five years, how much is the equivalent annual annuity of this new machine?

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