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BHP Ltd will need $1.8 million five years from now to replace some equipment. Currently, the firm has some extra cash and would like to

BHP Ltd will need $1.8 million five years from now to replace some equipment. Currently, the firm has some extra cash and would like to establish a savings account for this purpose. The account pays 5.25% interest, compounded annually. How much money must the company deposit today to fully fund the equipment purchase

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