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What was the equivalent future amount in year five

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Reference no: EM132983798

The annual operating costs at an iron ore processing plant have been 170000 for the last 5 years. the annual interest rate was 8% for the first 3 years and 9% in years 4 and 5.

Problem 1: What was the equivalent future amount in year 5 of operating costs?

Reference no: EM132983798

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