Calculate the contract price of equipment that requires 20 annual payments of $5,000 at the end of each year, beginning one year after the purchase contract is signed. The interest rate expressed in the loan is 7%.

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The Answer of Calculate the contract price of equipment that requires 20 annual payments of $5,000 at the end of each year, beginning one year after the purchase contract is signed. The interest rate expressed in the loan is 7%.

Calculate the Contract Price of Equipment That Requires 20 Annual