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A company with a MARR=10% is considering investing in a $25,000 piece of equipment. The resultant...

A company with a MARR=10% is considering investing in a $25,000 piece of equipment. The resultant income from this investment will be $10,000 the first year, decreasing by $500 each year. The equipment has a 12 year life and no salvage value. The net FUTURE worth of this investment is closest to:

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