Annual subscription service for solid modeling software

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An annual subscription service for solid modeling software, which covers technical support and upgrades, is $1595 per year. If the software needs to be supported for each of 4 years starting 2 years after purchase, calculate the 5-year equivalent uniform series budget at 8% per year.

Show what each variable of the formula equals as well as formula and all steps in work.

Reference no: EM131002370

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