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ABC company currently produces 2 0 0 0 mattresses per month with its existing machine. The company is planning to expand its capacity after 5

ABC company currently produces 2000 mattresses per month with its existing machine. The company is planning to expand its capacity after 5 years through installing a new machine that can product 5000 mattresses a month that will cost 20,00,000. The company is planning to save/deposit an amount in an interest-bearing account (that pays 90% p.a.) at the end of each quarter. How much money ABC company needs to deposit each quarter? Would the amount be similar if they deposit at the beginning of each quarter? What would be the amount if they plan to deposit each month?

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