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A ski production line is going to need to be replaced in eight years at an estimated cost of $500,000. At an interest rate of

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A ski production line is going to need to be replaced in eight years at an estimated cost of $500,000. At an interest rate of 12% per year, compounded semiannually, the uniform amount that must be deposited into an account to fund the production line replacement every 6 months is closest to: $27.951 $21,355 $19,476 $17.298 $14,880

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