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= Five years from now a company will need $150 000 to replace worn-out equipment. Starting now, what monthly deposits must be made in a
= Five years from now a company will need $150 000 to replace worn-out equipment. Starting now, what monthly deposits must be made in a fund paying j12 = 4.2% for 5 years to accumulate this sum? (Do not round intermediate calculations) a) This question deals with the value of an annuity * .b)The effective interest rate is % c)The value of accumulating factor is d)The number of period payments are e) The value of each period payment is $
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