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A machine is purchased by making payments of $14500 at the beginning of each of...

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Accounting

A machine is purchased by making payments of $14500 at the beginning of each of the next five years. The interest rate was 13%. The future value of an ordinary annuity of 1 for five periods is 6.48027. The present value of an ordinary annuity of 1 for five periods is 3.51723. What was the cost of the machine? Click here to view factor tables $51001 $106179 $93964 $57630

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