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Question 7 ( 2 points ) : ABC Electronics anticipates that the cost of a critical component will rise by $ 8 per year starting

Question 7(2 points): ABC Electronics anticipates that the cost of a critical component will rise by $8 per year starting 3 years from now. If the cost for the first three years is $70 each, what is the present worth in year 0 of the cost over a 10-year period at an annual interest rate of 14%?
(A) $350.00
(B) $412.23
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