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Inspection equipment costs $25,000 now. The general price inflation rates for the past five years have been 4%, 3%, 4%, 3%, and 4%. What is

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Inspection equipment costs $25,000 now. The general price inflation rates for the past five years have been 4%, 3%, 4%, 3%, and 4%. What is the real $ cost of the item now? $23.419 $22,199 $20,949 $18,939

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