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Question 4.23: A CAD center just purchased a CAD software for ₹50,000 now a...

A CAD center just purchased a CAD software for ₹50,000 now and annual payments of ₹5,000 per year for 8 years starting 4 years from now for annual upgrades. What is the present worth of the payments if the interest rate is 8\% per year?

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