Business, 17.12.2019 19:31 allison9746

Amachine is purchased by making payments of $16,000 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? a. $60,654b. $66,718c. $107,450d. $97,682

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