A testing agency needs to purchase 40000 worth of equipment
A testing agency needs to purchase $40,000 worth of equipment 2 years from now. How much should the agency put aside each quarter to make the purchase using an interest rate of 20% per year, compounded quarterly? Please show work and explain!
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a testing agency needs to purchase 40000 worth of equipment 2 years from now how much should the agency put aside each
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