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PROBLEM 1 Assume DHL will need to replace a piece of equipment in 12 years that will cost $240,000. The company will set up a

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PROBLEM 1 Assume DHL will need to replace a piece of equipment in 12 years that will cost $240,000. The company will set up a sinking fund to finance this future purchase. What amount should DHL put away quarterly if it can earn 12% interest? Round to the nearest cent. Use tables in Handbook

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