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What is the cost of the equipment that she purchased today

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Jane Bryant has just purchased some equipment for her beauty salon. She plans to pay the following amounts at the end of the next five years: $8,250, $8,500, $8,750, $9,000, and $10,500. If she uses a discount rate of 10 percent, what is the cost of the equipment that she purchased today?

Reference no: EM131149073

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