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You have deposited $16.167 in a special account that has a guaranteed tate of return. If you withdraw $3,000 at the end of each yoar
You have deposited $16.167 in a special account that has a guaranteed tate of return. If you withdraw $3,000 at the end of each yoar for 7 years, you will completely exhaust the balance in the account. The guaranteed rote of retum is closest to (ignore income tames) to 3 decimol ploces. Musple choice 15. Preseat Value ors1 (1+r)n1 Alaxha Fitness Center is considering an investment in some additional weight training equipment. The equipment has an estimated useful tife of # years with no salvage value at the end of the 11 years. Atawa's internal tate of retuin on this equipment is 6%. Ataxia's discount rate is also 6%. The payback period on this equipment is closest to (ignote income taxes): Click here to view Exhibit 12B.1 and Exhbit 128:2 to determine the apptopriafe discount foctor(s) using the tables provided. Multeple choice nyeas 2887 years 6 yourl
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