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A small business has determined that the machinery they currently use will wear out in 1 8 years. To replace the new machine when it
A small business has determined that the machinery they currently use will wear out in 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 percent per quarter and the cost of the machinery will be $ how much will the company have to deposit today?
$
$
$
$
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