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A company is saving for some new equipment. They plan to invest $41,898 per year starting the end of this year (year 1), and increasing

A company is saving for some new equipment. They plan to invest $41,898 per year starting the end of this year (year 1), and increasing the investment by 7.5% per year. If the interest rate is 7.5%, how much can they spend in 5 years

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