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Business, 09.12.2021 15:00 soulspiritsa

2.25 GE Marine System is planning to supply a Japanese shipbuilder with aero-derivative gas turbines to power 11DD-class destroyers for the Japanese Self-Defense Force. The buyer can pay the total contract price of $2,100,000 two years from now, when the turbines will be needed, or an equivalent amount now. At an interest rate of 10% per year, what is the equivalent amount now

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