Question: Hydro Machine Inc. bought a machine for $65460 that is expected to last 10 years. What is the equipment cost per year if the interest

Hydro Machine Inc. bought a machine for $65460 that is expected to last 10 years. What is the equipment cost per year if the interest rate is 4.8% per year compounded yearly (p. y. c. y.)? Hydro estimates that the machine has a salvage value of $6571. Report the positive value of the equipment cost.

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