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Wesley Excavations has taken on a loan to buy a new bulldozer. The terms of the loan state that they must pay $62,355 per year

Wesley Excavations has taken on a loan to buy a new bulldozer. The terms of the loan state that they must pay $62,355 per year for the next 20 years. If Wesley's cost of debt is 0.12, how much does the bulldozer cost? You may ignore taxes.

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