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The Atlantic Medical Clinic can purchase a new computer system that will save $4,000 annually in billing costs. The computer system will last for seven
The Atlantic Medical Clinic can purchase a new computer system that will save $4,000 annually in billing costs. The computer system will last for seven years and have no salvage value.
Use Excel or a financial calculator to solve.Round answers to the nearest dollar.
Required:
Up to how much should the Atlantic Medical Clinic be willing to pay for the new computer system
if the clinic's required rate of return is:
- 11% = ?
- 12% = ?
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