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Your company wants to set aside a fixed amount every year to a sinking fund...

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Basic Math

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Your company wants to set aside a fixed amount every year to a sinking fund to replace a piece of industrial equip costing 248 000 at the end of three years from now The sinking fund is expected to earn 4 interest How much your company deposit each year to meet this goal Click the icon to view the interest factors for discrete compounding when i 4 per year Your company nust deposit each year to meet this goal Round to the nearest dollar

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