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ANS: 106 A machine requires two special maintenances at year 5 and 10 in the amounts of $600 and $600 respectively. If an annuity is

image text in transcribedANS: 106

A machine requires two special maintenances at year 5 and 10 in the amounts of $600 and $600 respectively. If an annuity is the best option to save to pay for these maintenances, what should be the annual savings to be deposit in an account that offers 6% interest rate per year. The account will be closed (balance zero) after the $600 withdraw at year 10

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