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Question 2 15 pts 2 (15 points) Pace Corporation in Cookeville is considering an extended warranty on production equipment it bought recently. The extended warranty
Question 2 15 pts 2 (15 points) Pace Corporation in Cookeville is considering an extended warranty on production equipment it bought recently. The extended warranty will cover year-end repair expenses of $6000, $3000, $6000, and $3000, $6000, $3000, respectively, for the next 6 years. If the interest rate is 8%, what is the equivalent uniform annual cost of the extended warranty? O $4,290 $4,440 O $4,560 O $4,730 Question 3 7.5 pts
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