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(a) By cost cutting procedures, you are saving $12K now, $60K at year 6 and $70K...

(a) By cost cutting procedures, you are saving $12K now, $60K at year 6 and $70K at year 10. What is the value of savings at year 10 with interest rate i = 1.25%? (b) What is the equivalent A over 10 years?

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