The Math department purchased a copy machine for $ 12000. After 44 years, the machine...
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Accounting
The Math department purchased a copy machine for $ 12000. After 44 years, the machine will be worthless. How much money should the department deposit at the end of each quarter, if the money is worth 6%6% compounded quarterly, in order to save enough to buy a new copy machine at the end of 44 years?
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