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The engineering company decided to buy a machine that serve 1 3 years. The company must pay a monthly payment of $ 3 2 5

The engineering company decided to buy a machine that serve 13 years. The company must pay a monthly payment of $3251 for 3 years starting at the end of year 5. The company made an initial payment of $25,000 at the beginning of year 1. The interest rate is 5% per month. The present worth equals:
Select one:
a. $3,023.87
b. $56,483.51
c. $2,879.88
d. $53,793.81

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