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construction accounting problem An electrical contractor has a...

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Accounting

construction accounting problem

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An electrical contractor has a contract with ABF Manufacturing to provide maintenance for its computers and other electrical devices. What is the present worth of the contract if the company will receive a total of $12,000 yearly payments beginning in year 2 and ending in year 10 with an interest rate of 10% per year? Select the correct factor formula: P=12k(P/A,10%,9)(P/F,10%,1)P=12k(P/A,10%,2)+$12k(P/F,10%,10)P=12k(P/F,10%,2)+(P/F,10%,10)P=12k(P/A,10%,8)(P/F,10%,2)

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