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A shop who makes trash cans plans to bring a better design of trash cans 4 years from now. At an interest rate of 5%

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A shop who makes trash cans plans to bring a better design of trash cans 4 years from now. At an interest rate of 5% per year, how much should the person who makes the trash cans set aside now, so that new equipment costing $2.2 million can be purchased 2 years from now

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