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Question 20 (4 points) 4) Listen SMS Inc. wants to have enough money to purchase a new tractor-trailer in 5 years. If the unit
Question 20 (4 points) 4) Listen SMS Inc. wants to have enough money to purchase a new tractor-trailer in 5 years. If the unit will cost $500,000, how much should the company set aside each year (starting at the end of year 1 and each year until year 5) if the account earns a compound interest of 8% per year? (All the alternatives presented below were calculated using compound interest factor tables including all decimal places). $85,230 $110,960 $69,952 $125,230
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