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You have a machine in your business. The expected life of this machine is 8 years. After that it should be replaced by another one.

You have a machine in your business. The expected life of this machine is 8 years. After that it should be replaced by another one. To replace it you will need approximately Tk 72000. How much should be deposited now to accumulate the required funds if bank interest rate is 10% per annum compounded monthly.

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