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Can birdsville afford the new system

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Calculating Annuity Values. Birdsville Ltd will generate $50 000 in revenue each year for the next nine years from a new information database. The computer system needed to set up the database costs $300 000. If Birdsville can borrow the money to buy the computer system at 8.25% annual interest, can Birdsville afford the new system?

Reference no: EM13506168

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