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Matthew Young has just purchased some equipment for his landscaping business. For this equipment he must pay the following am
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Answer #1

Present value=Cash flows*Present value of discounting factor(rate%,time period)

=10280/1.0595+7520/1.0595^2+9650/1.0595^3+12070/1.0595^4+11940/1.0595^5

which is equal to

=$43037.55(Approx).

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