Mr. Sanchez, a businessman, is thinking of buying a machine that is expected to be obsolete in 5 years. The machine is worth ₱130,000. The rate of interest is 13%. His estimate of the annual gross income from the use of the machine is as follows: YEAR          INCOME 1                 ₱20,000 2                 ₱25,000 3                 ₱35,000 4                 ₱30,000

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