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A small business has determined that the machinery they currently use will wear out in 17 years. To replace the new machine when it wears

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A small business has determined that the machinery they currently use will wear out in 17 years. To replace the new machine when it wears out, the company wants to establish a savings account today. If the interest rate on the account is 11 percent per quarter and the cost of the machinery will be $300,000, how much will the company have to deposit today? Multple Chaice $2490.08731 5144,282.21 $142,57477 $145743:10 $144.47577

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