Required: Assuming that a 12% interest rate properly reflects the time value of money...

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Accounting

Required:
Assuming that a 12% interest rate properly reflects the time value of money in this situation and that all maintenance costs are paid at
the end of each year, determine which option Kiddy should choose. Ignore income tax considerations.
Note: Round your final answers to nearest whole dollar amount. Use tables, Excel, or a financial calculator. (FV of $1, PV of $1, FVA
of $1, PVA of $1, FVAD of $1 and PVAD of $1)
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