Question: b) An equipment contract requires that the client will pay fixed monthly payments of $80,000 over the period of 3 years. The prevailing interest rate

b) An equipment contract requires that the client will pay fixed

b) An equipment contract requires that the client will pay fixed monthly payments of $80,000 over the period of 3 years. The prevailing interest rate is 5.0% per annum. What is the present value of the equipment

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