PGApro99511 PGApro99511

04-11-2022
Business

Answered

a machine is purchased by making payments of $5,000 at the beginning of each of the next five years. the interest rate was 10%. the future value of an ordinary annuity of 1 for five periods is 6.10510. the present value of an ordinary annuity of 1 for five periods is 3.79079. what was the cost of the machine

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