A company that manufactures air-operated drain valve assemblies currently has $85,000 available to pay for plastic components
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A company that manufactures air-operated drain valve assemblies currently has $85,000 available to pay for plastic components over a 5 year period. If the company spent only $42,000 in year 1, what uniform annual amount can the company spend in each of the next 4 years to deplete the entire budget? Let i = 10% per year.
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