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Q2. Costs for support of a certain printer made by Hewlett-Packard have been decreasing by $20,000 each year. If the costs in year 1 are
Q2. Costs for support of a certain printer made by Hewlett-Packard have been decreasing by $20,000 each year. If the costs in year 1 are $250,000, what would be the present worth of the costs through year 8 at an interest rate of 15% per year? Write the solution steps (A) $761,300 (B) $872,200 (C) $953,400 (D) \$996,700
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