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If the appropriate discount rate is 10875 percent what is

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Present value with multiple cash flows: Saul Cervantes has just purchased some equipment for his landscaping business. For this equipment he must pay the following amounts at the end of each of the next five years: $10,450, $8,500, $9,675, $12,500, and $11,635. If the appropriate discount rate is 10.875 percent, what is the cost in today"s dollars of the equipment Saul purchased today?

Reference no: EM13569079

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