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Joseph Moore has just purchased some equipment for his landscaping business. For this equipment he must pay the following amounts at the end of each
Joseph Moore has just purchased some equipment for his landscaping business. For this equipment he must pay the following amounts at the end of each of the next five years: $10,220, $7,550,$9,110, $12,590, and $11,660. If the appropriate discount rate is 6.695 percent, what is the cost in today's dollars of the equipment Joseph purchased today? (Round answer to 2 decimal places, e.g. 15.25. Do not round factor values.) Present value $ e Textbook and Media
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