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Please help! A small business has determined that the machinery they currently use will wear out in 17 years. To replace the new machine when
Please help!
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 is 5.6% per year, interest is compounded quarterly and the cost of the machinery will be $315,000, how much will the company have to deposit today? $125,105.08 $124,745.23 $124.017.21 $122,385,40 Step by Step Solution
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