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Question 1 10 pts You are budgeting for the cost of buying 10 cars a year for a company. The cars will be purchased at

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Question 1 10 pts You are budgeting for the cost of buying 10 cars a year for a company. The cars will be purchased at the end of each year for 10 years. The current cost per car is 20,000 but the price will increase with inflation each year. The price of the first cars purchased will be increased with inflation) Inflation 3% Interest rate 5% Given the above information, what is the present value of the price of the cars

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