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Omega Instruments budgeted $360,000 per year to pay for special-order ceramic parts over the next 5 years. If the company expects the cost of

 

Omega Instruments budgeted $360,000 per year to pay for special-order ceramic parts over the next 5 years. If the company expects the cost of the parts to Increase uniformly according to an arithmetic gradient of $10,000 per year, what is the cost estimated to be in year 1 at an interest rate of 11% per year. 21 The estimated cost is $

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