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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 5.6% per year, interest is compounded quarterlyand the cost of the machinery will be $315,000, how much will the company have to deposit today? $125,105.08$124,745.23$124,017.21$122,385.40

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