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A firm wants to set up a savings account at 8% interest in orderto meet the expected expenditures of a forklift. Compute the amountthat should
A firm wants to set up a savings account at 8% interest in orderto meet the expected expenditures of a forklift. Compute the amountthat should be invested now to provide three payments with thefirst payment in the amount $6000 occurring three years hence, then$4000 five years hence and finally $5000 eight years hence.
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