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Pancake Company has budgeted $ 320 comma 000$320,000 to build a new factory 1010 years from today. Turbo TankTurbo Tank will finance the project by
Pancake Company has budgeted $ 320 comma 000$320,000 to build a new factory 1010 years from today. Turbo TankTurbo Tank will finance the project by making sevenseven annual deposits of $ 50 comma 000$50,000 into a savings fund at the end of each year that commences at the end of year 44. The company's interest rate is 6%.
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