At an interest rate of 10 per year what is the present


Expenditures for maintenance of a certain machine are exported to be $900 in year two, $1, 400 in year five, and a uniform amount of $2,000 in years six through nine. At an interest rate of 10% per year, what is the present worth of the expenditures?

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Financial Management: At an interest rate of 10 per year what is the present
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