Question

Suppose you want to buy a machine that makes candied apples for your food trucks. Suppose the candied apple machine costs $3,000 to purchase and lasts for 5 years. Your discount rate is 10%. Calculate the minimum amount of money you would have to earn at the end of each year (starting one year from today) selling candied apples in order to want to purchase the candied apple machine today. Type your numerical answer in the space provided, rounded to the nearest whole dollar​

Answer 1

Answer:

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