Crow Corporation, a company that specializes in precision metal fabrication, is conducting a study to determine if

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Crow Corporation, a company that specializes in precision metal fabrication, is conducting a study to determine if it should update equipment now or later. If the cost 2 years from now is estimated to be $260,000, how much can the company afford to spend now if its minimum attractive rate of return is 12% per year compounded monthly?

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Aysha Ali

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