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A small business has determined that the machinery they currently use more out in 17 years to replace the new machine when it wears out

A small business has determined that the machinery they currently use more 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 1.1% per quarter and the cost of the machinery will be 255,000 how much will the company have to deposit today

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