A small business has determined that the machinery they currently use will wear out in...
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Accounting
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 estabish a savings account today If the interest rate on the account is 3.3 percent per quarter and the cost of the machinery will be $310,000, how much will the company have to deposit today? Muitiple Choice $138,644,46 $137,755.79 $137,438,85 $138,644,46 $137.755.79 $137,438.85 $252,121.90 $135,630.45
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