Business, 02.03.2020 17:10 deanazilyiah

A small business has determined that the machinery they currently use will wear out in 16 years. To replace the new machine when it wears out, the company wants to establish a savings account today. If the interest rate on the account is 1.9 percent per quarter and the cost of the machinery will be $325,000, how much will the company have to deposit today

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A small business has determined that the machinery they currently use will wear out in 16 years. To...

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