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A small oil company, Hastelloy, uses micro - moving Coriolis axle gauges on its construction site. Emerson wants to replace it with F series axle

A small oil company, Hastelloy, uses micro-moving Coriolis axle gauges on its construction site. Emerson wants to replace it with F series axle meters. This replacement process will apply to the company for the next 3 years.
It costs $50,000. Since the annual interest rate is estimated at 20%. 
How much money should he put aside each year?
 

 

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