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A plastic plant worth $ 226690 had a useful life of 14 years and a scrap value of $ 12399. However, after 3 years of
A plastic plant worth $ 226690 had a useful life of 14 years and a scrap value of $ 12399. However, after 3 years of operation, it got washed away by a tsunami, making it a total loss. How much money would have to be raised to put a new plant costing $ 253251, if a fund reserve was maintained during its 3 years operation using a Sinking Fund method with an interest of 20%
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