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A machine costs exist20,000 today and has an estimated scrap cash value of exist2000 after eight years. The investor wants to realize a 6% return

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A machine costs exist20,000 today and has an estimated scrap cash value of exist2000 after eight years. The investor wants to realize a 6% return on investment without accounting for inflation. Inflation is 8% per year. How much money needs to be set aside each year to replace the machine with an identical model five years from now? a. exist6215 b. exist5593 c. exist4290 d. exist3517

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