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Business, 16.10.2019 01:10 viktoria1198zz

Your buddy in mechanical engineering has invented a money machine. the main drawback of the machine is that it is slow. it takes one year to manufacture $ 700. however, once built, the machine will last forever and will require no maintenance. the machine can be built immediately, but it will cost $ 12 comma 100 to build. your buddy wants to know if he should invest the money to construct it. if the interest rate is 5.5 % per year, what should your buddy do? what is your advice if the machine takes one year to build?

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