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Dollars of the equipment richard purchased today

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Richard Miller has just purchased some equipment for his landscaping business. For this equipment he must pay the following amounts at the end of each of the next five years: $10,570, $8,120, $9,590, $12,990, and $11,840. If the appropriate discount rate is 7.540 percent, what is the cost in today's dollars of the equipment Richard purchased today?

Reference no: EM132379991

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