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The Humber Company is planning on purchasing equipment. Payments are equally divided into 125,000 CAD. The supplier agreed to a 5-year term with an annual

The Humber Company is planning on purchasing equipment. Payments are equally divided into 125,000 CAD. The supplier agreed to a 5-year term with an annual interest rate of 4.5%. What is the total present value of the payment in year three

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