Pressure Systems, Inc. manufactures high-accuracyliquid

Chapter 2, Problem 2.3

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Pressure Systems, Inc. manufactures high-accuracyliquid level transducers. It is investigatingwhether it should update in-place equipment nowor wait and do it later. If the cost now is $200,000,what will be the equivalent amount 3 years fromnow at an interest rate of 10% per year?

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