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Business, 30.08.2019 03:30 jaeybird9

On may 1, 2017, a company purchased a new machine which it does not have to pay for until may 1, 2019. the total payment on may 1, 2019 will include both principal and interest. assuming interest at a 10% rate, the cost of the machine would be the total payment multiplied by what time value of money factor?

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