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Please explain how to get to the answer 5) An investment of...

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Accounting

Please explain how to get to the answer image
5) An investment of $715 for a special machine can give you an income of $20 per 6 months for the next 20 years. The machine has the salvage value of $1000. Find the effective or actual ROR of this investment/year, if MARR=6%, will you implement this project. i=6.713%/ year

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