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2.53 Omega Instruments budgeted $300,000 per year to pay for special-order ceramic parts over the...

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2.53 Omega Instruments budgeted $300,000 per year to pay for special-order ceramic parts over the next 5 years. If the company expects the cost of the parts to increase uniformly according to an arithmetic gradient of $10,000 per year, what is the cost estimated to be in year 1 at an interest rate of 10% per year

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