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Business, 31.05.2020 03:02 ruben0018

A company that manufactures air-operated drain valve assemblies budgeted $84,000 per year for repair components over the next five years. Assume the company uses an interest rate of 10% per year. (a) If the company expects to spend $15,000 in year 1, what is the annual increase (arithmetic gradient) that the company expects in the cost of the parts

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