A used machine costs 20000 to purchase it has an annual, Financial Management

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A used machine costs 20000 to purchase it has an annual

A used machine costs $20,000 to purchase. It has an annual maintenance cost of $20,000, a salvage value of $5,000, and a 10-year life. If the interest rate is 10% per year, compounded annually, what is the present-worth cost of the machine? Please show work using formulas.

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