Calculate the present value of the cash savings

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Question: Samson Inc. is contemplating the purchase of a machine that will provide it with cash savings of $100,000 per year for eight years. Interest is 10%. Assume the cash savings occur at the end of each year. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)

Required: Calculate the present value of the cash savings.

Reference no: EM132767492

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