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Question4: Alexton Chemicals is developing a new wax coating for jet turbine blades. Production will require the purchase of large equipment. They plan to start

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Alexton Chemicals is developing a new wax coating for jet turbine blades. Production will require the purchase of large equipment. They plan to start saving in equal annual installments of $16,225 at the end of each year starting 4 years from today and ending 8 years. How much will they have saved at the end of year 8 if they can earn 6.17% on savings?

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