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A person purchased a machine of 1000$
A person purchased a machine of 1000$. For 1st 3 years there is no maintenance cost of machine, then at 4th year the maintenance cost is 100$ and increase by 50$ each year thereafter for next 6 years. The total life of machine is 10 years. Calculate the present value of total investment on machine if interest rate is 10% per year.
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