Question: Question 9 (3 points) To purchase a machine, a company needs to make 15 yearly payments of $8,000 with the first payment beginning immediately. Which

Question 9 (3 points) To purchase a machine, a company needs

Question 9 (3 points) To purchase a machine, a company needs to make 15 yearly payments of $8,000 with the first payment beginning immediately. Which of the following amounts comes closest to the present value of all these payments if the interest rate is 7%? A) $77,964 B) $120,000 C) $115,648 D) $80,000 E) $72,863

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