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Find the present value of an investment in plant and equipment if it is expected to provide annual earnings of $21,000 for 15 years and
Find the present value of an investment in plant and equipment if it is expected to provide annual earnings of $21,000 for 15 years and to have a resales value of $40,000 at the end of that period. Assume a 10% rate and earnings at year end.
Please show how to solve using a financial calculator.
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