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CrashCo is going to save money each quarter to get $ 5 0 0 , 0 0 0 to purchase capital equipment after 5 years.

CrashCo is going to save money each quarter to get $500,000 to purchase capital equipment after 5 years. The interest rate is 5% nominal annual compounded quarterly. (a) Draw a cash flow diagram of this project. (b) Calculate how much CrashCo needs to save each quarter to achieve its goal

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