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MC algo 5-18 Calculating Present Values A small business has determined that the machinery they currently use will wear out in 17 years. To replace

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MC algo 5-18 Calculating Present Values A small business has determined that the machinery they currently use will wear out in 17 years. To replace the new machine when it wears out the company wants to establish a savings account today. If the interest rate on the account the cost of the machinery will be $285,000, how much will the company have to deposit today? ook rences Multiple Choice O $98,996.09 O $217,596.46 $98,135.25 ) $99.274.38

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