Question: Jane Bryant has just purchased some equipment for her beauty

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?


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  • CreatedMay 08, 2014
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