Business, 18.07.2020 18:01 mariahmimibrooks

A small business has determined that the machinery they currently use will wear out in 18 years. To replace the new machine when it wears out, the company wants to establish a savings account today. If the interest rate on the account is 1.5 percent per quarter and the cost of the machinery will be $320,000, how much will the company have to deposit today

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A small business has determined that the machinery they currently use will wear out in 18 years. To...

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