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You have 7,000 set aside at present, and it is expected that you need to purchase 1,000 new pieces of equipment in 5 years. The

You have 7,000 set aside at present, and it is expected that you need to purchase 1,000 new pieces of equipment in 5 years. The assumed interest rate is 7.57 %. Do I have enough capital set aside to make this purchase?

The cost of the equipment is 11,000

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