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A company needs to have $ 2 0 0 , 0 0 0 dollars for the purchase of an equipment in 7 years. The interest

A company needs to have $200,000 dollars for the purchase of an equipment in 7 years. The interest rate available to them for such investment is 5%. How much money should they invest each year to be able to purchase the equipment at the end of 7 year. (FA)

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