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Question 2 Your company wants to buy machine with cost $55,000 in five (5) years. Your company is going to put aside $3,800 each year
Question 2 Your company wants to buy machine with cost $55,000 in five (5) years. Your company is going to put aside $3,800 each year (for five years) to save for this. Evaluate interest rate must your company invest money to achieve their goal of having enough to purchase the machine after eight years? (Recommended interests to be considered are 10% & 15%) (25 marks)
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