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Find the present value of an investment in equipment if it is expected to provide annual savings of $10,000 for 10 years and to

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Find the present value of an investment in equipment if it is expected to provide annual savings of $10,000 for 10 years and to have a resale value of $50,000 at the end of that period. Assume an interest rate of 3% and that savings are realized at year end. (Round factor values to 5 decimal places, eg. 1.25125 and final answer to O decimal places, e.g. 458,581) Click here to view factor tables Present value of investment in equipment $ eTextbook and Media Save for Later Attempts: 0 of 5 used Submit Answer

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