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What is the equivalent annual cost in years 1 through 9 of a contract that has a first cost of $75,000 in year 0 and

What is the equivalent annual cost in years 1 through 9 of a contract that has a first cost of $75,000 in year 0 and annual costs of $15,000 in years 3 through 9? Use an interest rate of 9% per year. The equivalent annual cost is determined to be $ ?

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