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You are thinking of building a new machine that will save you $3,000 in the...

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You are thinking of building a new machine that will save you $3,000 in the first yeoc. The machine will then begin to wear cut so that the savingt decine at a rate of 4 h, per year forever. What is the present value of the savings it the interest cate is 7% per year? The present value of the savings is ? (Round to the nearest dollar)

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