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1. You purchase a machine for $100,000. Such machine has a 3-year MACRS classification. If the machine is sold at the end of the second year for $45,000, what are the after-tax proceeds from the sale, assuming your tax rate is 34%?
2. What will $150,000 grow to be in 4 years if it is invested today in an account with a quoted annual interest rate of 6.5% with weekly compounding of interest? (Assume 52 weeks per year.)
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