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2. A company wishes to make 5 equal annual investments so that on the date of the last investment, it will have $50,000 to buy

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2. A company wishes to make 5 equal annual investments so that on the date of the last investment, it will have $50,000 to buy a new machine. What amount must be invested each year at an interest of 4% ? (15 pts) Draw the Cash Flow Diagram. (10 pts)

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