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7] I just replaced a roof top HVAC unit that cost $20,000. The economic life of the component is 10 years. Inflation annually is currently

7] I just replaced a roof top HVAC unit that cost $20,000. The economic life of the component

is 10 years. Inflation annually is currently 2.5%. I have an investment account that earns

6.0%. How much must I put aside each month in the investment account to cover the

future replacement cost of the HVAC unit?

8) I can invest $100,000 for five years and six months and earn at 8.0%. What is it worth at

the end of the term?

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