Question: Current Attempt in Progress Brian Lee has just purchased some equipment for his landscaping business. For this equipment he must pay the following amounts at

 Current Attempt in Progress Brian Lee has just purchased some equipment

Current Attempt in Progress Brian Lee has just purchased some equipment for his landscaping business. For this equipment he must pay the following amounts at the end of each of the next five years: $10,150, $7,920, $9,570, $12,690, and $11,820. If the appropriate discount rate is 5.840 percent, what is the cost in today's dollars of the equipment Brian purchased today? (Round answer to 2 decimal places, e.g. 15.25. Do not round factor values.) Present value $

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