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Bridgestone, a famous tire manufacturer, plans to overhaul their SUV tire line in DesMoines, IA 6 years from now, at a cost of $1,500,000. The
Bridgestone, a famous tire manufacturer, plans to overhaul their SUV tire line in DesMoines, IA 6 years from now, at a cost of $1,500,000. The company plans to deposit money into an account each year for 5 years, beginning 2 years from now to pay for the new production line. If the company achieves their MARR % of 12% interest / year the amount of each deposit is closest to
(a) $313,845 (b) $236,115 (c) $276,490 (d) $343,860
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