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Business, 05.05.2020 08:20 jacobhawkins112471

A new tax business, Taxes Done Right, will purchase a copying machine. After speaking with their financial advisor, they find that the copying machine will cost them $3,300 in 3 years. The account they will invest in earns 5% per year compounded semi-annually. In order to pay cash for the machine, how much should they deposit semi-annually in this account for 3 years?

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