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Show all work do not use excel to solve 21. A company purchased a semi-auton same machine costs $ 150,000 today, when the market interest

Show all work do not use excel to solve

21. A company purchased a semi-auton same machine costs $ 150,000 today, when the market interest rate is 12% per year, the inflation rate over that time period was closest to (assume the cost of the machine increased by only the inflation rate) A) B) C) 4.6% 6.3% 7190

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