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The cost Savings for the first year are expected to be $...

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Accounting

The cost Savings for the first year are expected to be

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$ 30,000.00 3% 15% 5.00 Your Bank is presented with an opportunity to automate check processing 7 using a new software. 8 9 The cost Savings for the first year are expected to be 10 Check Volume rate of Growth 11 Your Bank's required rate of return is 12 13 The Software is expected to be obsolete in Year 14 15 Please calculate the following values 16 Round to two decimal digits 17 1. Growth Factor for cost savings 18 19 2. Present Value Factor for cost savings 20 21 3. Present value of cost savings with growth 22 Round to Whole $ 23 Score O 0 O

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