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Question 1 1 XYZ Company purchased a new machine in March at $ 5 0 , 0 0 0 and is using the profits to

Question

11

XYZ Company purchased a new machine in March at $

50, 000

and is using the profits to pay it off. Profits in March were $

7, 876 .

If the profits increase

2 %

from the previous month, in what month will the machine be completely paid off?

June

July

October

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