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1 1 . Your family runs a small manufacturing company that specializes in automotive components for disabled drivers. You are tasked with finding new equipment

11. Your family runs a small manufacturing company that specializes in automotive components for disabled drivers. You are tasked with finding new equipment that can increase productivity in the shop and have just struck gold. You have found a new sand blasting machine that cleans parts almost 20 times faster than your current equipment! The cost of the machine is $80,000 now, but you expect it to cost about $87,000 by the time you are ready to buy it. You convince your family to place $20,000 annually in an account earning 6%. How many years until you are ready to buy your new sand blaster?

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