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Business, 01.06.2021 23:10 dulaneystrode

Pace Corporation in Cookeville is considering an extended warranty on production equipment it bought recently. The extended warranty will cover repair year-end expenses of $2,000, $2,000, $4,000, and $5,000, respectively, for the next 4 years. If the interest rate is 6%, what is the worth of the extended warranty

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