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What is the absolute value of the amount in year four

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Problem - You are evaluating two oil pumps with the same operating costs. The first pump lasts three years and costs $12,000. The second one lasts four years and costs $15,000. Your company's MARR is 8%. Use Least Common Multiple to answer the questions provided. In your cash flow diagram for Pump 2, what is the absolute value of the amount in year 4?

Reference no: EM133015807

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