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28 A small business has determined that the machinery they currently use will wear out in 17 years. To replace the new machine when it
28 A small business has determined that the machinery they currently use will wear out in 17 years. To replace the new machine when it wears out, the company wants to establish a savings account today. If the Interest rate on the account is 2 percent per quarter and the cost of the machinery will be $330,000, how much will the company have to deposit today? 2 254 25 Multiple Choice Book $86,987.05 rences $85.842.48 $235,673.65 $89,188.75 $87,750.09
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