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A forklift presently costs $60132. If money is worth 1% per year, what will the forklift cost 17 years from now? Enter your answer as: 123456 Round your answer. Do not use a dollar sign (S), any commas (), or a decimal point ( . II I0

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Answer #1

Cost after 17 years = 60132*(1.01)^17

= 71215.

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