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How much money needs to be set aside today to purchase a new piece of equipment in three years? The money is expected to earn

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How much money needs to be set aside today to purchase a new piece of equipment in three years? The money is expected to earn 9% interest compounded annually and the price of the equipment is expected to increase by 3% per year. The present cost of the equipment is $75,000. $63.283.93 $57.913.76 $62,971.45 $68,635.62 $75,000.00

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