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What is the present value of an investment in equipment that is expected to provide annual earnings of $ 6 5 5 0 0 for

What is the present value of an investment in equipment that is expected to provide annual earnings of $65500 for 15 years and to have a resale value of $125500 at the end of that period? Assume a 9% rate and earnings at year-end. The present value of 1 at 9% for 15 periods is 0.27454. The present value of an ordinary annuity at 9% for 15 periods is 8.06069. The future value of 1 at 9% for 15 periods is 3.64248.

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