(Solution) - A small construction company is considering the purchase of a -(2025 Original AI-Free Solution)

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A small construction company is considering the purchase of a used bulldozer for $61,000. If the company purchases the dozer now, the equivalent future amount in year 4 that the company is paying for the dozer at 4% per year interest is closest to:
(a) $52,143
(b) $65,461
(c) $71,365
(d) Over $72,000