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Required information Demco Products, a company that manufactures stainless steel control valves, has a fund for equipment replacement that contains $500,000. The company plans to

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Required information Demco Products, a company that manufactures stainless steel control valves, has a fund for equipment replacement that contains $500,000. The company plans to spend $85,000 each year on hew equipment. Estimate the number of years it will take to reduce the fund to zero at an interest rate of 6.00% per year. The number of years is estimated to be between and

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