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What is the estimated cost for omega instruments

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Omega Instruments budgeted $410,000 per year to pay for special-order ceramic parts over the next 5 years. If the company expects the cost of the parts to increase uniformly according to an arithmetic gradient of $10,000 per year, what is the cost estimated to be in year 1 at an interest rate of 16% per year.

Question 1: The estimated cost is

Reference no: EM132627582

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