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A construction firm can achieve a $15,000 cost savings in Year 1 and increasing by 20% each year for the next 5 years by upgrading

image text in transcribed A construction firm can achieve a $15,000 cost savings in Year 1 and increasing by 20% each year for the next 5 years by upgrading some equipment. At an interest rate of 15%, what is the equivalent annual worth of the savings? $15,000$17,835.56$21,222.30$59,787.57

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