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Question 5 7 pts Maintenance costs for a particular production machine increase by $1000/year over the 5-year life of the equipment. The initial maintenance cost

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Question 5 7 pts Maintenance costs for a particular production machine increase by $1000/year over the 5-year life of the equipment. The initial maintenance cost is $2940. Using an interest rate of 8 percent compounded annually, determine the future worth equivalent for the maintenance costs

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