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The estimated annual expense for a new machine, in year zero dollars, is $950. This annual expense is estimated to increase at the rate of

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The estimated annual expense for a new machine, in year zero dollars, is $950. This annual expense is estimated to increase at the rate of 7% (total price escalation rate) per year. Assume that the general price inflation rate f = 3%. What is the expense for year 3 in real dollars (b=0)? Please only fill in the number of the calculated result and round to the nearest integer

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