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You purchase an apartment building with 20 rentable units. You know that you will have to replace the air conditioners in each unit 10 years

You purchase an apartment building with 20 rentable units. You know that you will have to replace the air conditioners in each unit 10 years from now at a cost of $1,500/unit. How much money should you put away at the end of every year, in a bank account earning 6%, to have enough money to replace the air conditioners in 10 years.

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