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Business, 27.03.2020 02:26 williamsjamon0

Coronado Industries financed the purchase of a machine by making payments of $23000 at the end of each of five years. The appropriate rate of interest was 11%. The future value of one for five periods at 11% is 1.68506. The future value of an ordinary annuity for five periods at 11% is 6.22780. The present value of an ordinary annuity for five periods at 11% is 3.69590. What was the cost of the machine to Coronado?

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