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User A company expects to retire an existing machine at the end of 1 9 9 3 and will replace it with new machine for
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A company expects to retire an existing machine at the end of and will replace it with new machine for the same task at an estimated cost of Php The old machine is expected to be sold for Php when it is replaced. To provide for replacement, the company intends to deposit the following amounts in an account earning interest at compounded quarterly:
Php at the end of
Php at the end of
Php at the end of
What additional amount is needed at the end of to purchase the new machine?
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