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Tamarisk, Inc. has purchased equipment that requires annual payments of $35000 to be paid at the end of each of the next 6 years. The

Tamarisk, Inc. has purchased equipment that requires annual payments of $35000 to be paid at the end of each of the next 6 years. The appropriate discount rate is 8%. What amount will be used to record the equipment?

$145650

$195772

$161801

$210000

Matthew Young plans to buy a home and can deposit $17,500 for the purchase today. If the annual interest rate is 7%, how much can Matthew expect to have for a down payment in 20 years? (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to 2 decimal places, e.g. 52.75.) Click here to view the factor table.

Down payment

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