Looking for answers? Westonci.ca is your go-to Q&A platform, offering quick, trustworthy responses from a community of experts. Discover a wealth of knowledge from professionals across various disciplines on our user-friendly Q&A platform. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.

a machine is purchased by making payments of $5,000 at the beginning of each of the next five years. the interest rate was 10%. the future value of an ordinary annuity of 1 for five periods is 6.10510. the present value of an ordinary annuity of 1 for five periods is 3.79079. what was the cost of the machine