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A ski production line is going to need to be replaced in seven years at an estimated cost of $750,000. At an interest rate of
A ski production line is going to need to be replaced in seven years at an estimated cost of $750,000. At an interest rate of 12% per year, compounded quarterly, the uniform amount that must be deposited into an account every quarter to fund the production line replacement is closest to: $27,951$19,476$22,840$25,717$19,648
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