Framing Art Inc. will need to purchase two new cashier machines in 2 years, at a cost of $125 each. A savings account pays 3% per year compounded quarterly. How much should Framing Art Inc. deposit now in this account to have the cash available in 2 years to pay cash for both machines?
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Framing Art Inc. will need to purchase two new cashier machines in 2 years, at a cost of $125 each....
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