Question
A company wants to replace a current machine. It will cost $1,367,342, 8 years from now. If they save $2,068 a month in an account
A company wants to replace a current machine. It will cost $1,367,342, 8 years from now. If they save $2,068 a month in an account that gives them 0.75 per month, how much money will they still need to pay for the machine?
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Survey of Accounting
Authors: Carl S Warren
6th edition
978-113318912, 1133189121, 978-1133189121
