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You own a small machine shop. You would like to save $180,000 to buy some new equipment two years from now. The plan is to

You own a small machine shop. You would like to save $180,000 to buy some new equipment two years from now. The plan is to set aside an equal amount of money each quarter, starting today. You can earn a 5.3% rate of return. How much does the firm have to save each quarter to achieve this goal?

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