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Global steel prices have a year-over-year inflationary rate increase of 15.4%. Tube Fab purchased $725,000 of a particular carbon steel during the year just ended

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Global steel prices have a year-over-year inflationary rate increase of 15.4%. Tube Fab purchased $725,000 of a particular carbon steel during the year just ended right now, and they intend to purchase the same quantity at the end of each of the next 5 years. Tube Fab earns a real rate of 16% on their money. Parta Determine the then-current amounts they will pay for steel at the end of each of the next 5 years. EOY Then-Current Dollar Amount 1 s N $ 3 $ I 4 $ 5 $ Global steel prices have a year-over-year inflationary rate increase of 15.4%. Tube Fab purchased $725,000 of a particular carbon steel during the year just ended right now, and they intend to purchase the same quantity at the end of each of the next 5 years. Tube Fab earns a real rate of 16% on their money. Parta Determine the then-current amounts they will pay for steel at the end of each of the next 5 years. EOY Then-Current Dollar Amount 1 s N $ 3 $ I 4 $ 5 $

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