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  3. 2. a firm needs to replace most of its machinery i

2. A Firm needs to replace most of its machinery in five years at a...

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Accounting

2. A Firm needs to replace most of its machinery in five years at a cost of $500,000. The company wishes to create a sinking fund to have this money available in five years. How much should the quarterly deposits be if the fund earns 8%?

Use MS-Excel to illustrate the accumulation of funds over the five year period.

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