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A machine is purchased by making payments of $18000 at the beginning of...

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Accounting

A machine is purchased by making payments of $18000 at the beginning of each of the next five years. The interest rate was 11%. The future value of an ordinary annuity of 1 for five periods is 6.22780. The present value of an ordinary annuity of 1 for five periods is 3.69590. What is the cost of the machine?
$73844
$66527
$112100
$124431
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