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I have purchased a machine worth P1,897,363.00. And it needs maintenance at the end of every 6 months starting 5 years after its purchased date
I have purchased a machine worth P1,897,363.00. And it needs maintenance at the end of every 6 months starting 5 years after its purchased date and maintenance will be needed for the next 10 years of its useful life. The maintenance cost is equivalent to the 2% of the total machine cost. How much money should be prepare today to finance the requirement if the interest rate is 0.10 compounded quarterly
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