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PLEASE USE EXCEL TO SOLVE THE FOLLOWING QUESTION AND SHOW ALL WORK. THE CORRECT ANSWER IS IN THE BOX. THANK YOU! You estimate that a
PLEASE USE EXCEL TO SOLVE THE FOLLOWING QUESTION AND SHOW ALL WORK. THE CORRECT ANSWER IS IN THE BOX. THANK YOU!
You estimate that a copier for your office will cost $11,200 to buy today and then $1,200 each year for 3 years to maintain (after 3 years your copier will be worthless and you will need to buy a new one). If your discount rate is 7.9%, what is the equivalent annual cost (EAC) of buying the copier? The EAC of buying the copier is $ (Round to the nearest dollar.)
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