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You are currently scheduled to pay off a $7,000 piece of equipment with 4 annual payments of $1,750. If the discount rate is 10%, how

You are currently scheduled to pay off a $7,000 piece of equipment with 4 annual payments of $1,750. If the discount rate is 10%, how much would you be willing to pay if you could postpone all of your payments until year 4?

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