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Assume DHL will need to replace a piece of equipment in 12 years that will cost $240,000. The company will set up a sinking fund
Assume DHL will need to replace a piece of equipment in 12 years that will cost $240,000. The company will set up a sinking fund to finance this future purchase. What amount should DHL put away quarterly if it can earn 10% interest? Round to the nearest cent.
A. 2,426.00 b. 2,412.00 c. 2,356.00 d. 2,356.00 e. 2,304.00
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