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Question 2: (25 PTS) A newly established company has just purchased CAD software for $6,000 and will make annual payments of $600 for 6 years

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Question 2: (25 PTS) A newly established company has just purchased CAD software for $6,000 and will make annual payments of $600 for 6 years starting 2 years from now for the upgrades. What is the present worth in year 0 of all these payments if the interest rate is 6% per year

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