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  3. 4. part of the income that a machine generates is

4. Part of the income that a machine generates is put into a sinking fund...

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4. Part of the income that a machine generates is put into a sinking fund to pay for replacement of the machine when it wears out. If $2,000 is deposited annually at 7% interest compound- ed annually, how many years must the machine be kept before a new machine costing $30,000 can be purchased

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