Maintenance on a machine is expected to be 155 at end of


Maintenance on a machine is expected to be $155 at end of the first year then increasing by $35 each year for the next 7 years. What sum of money would need to be set aside now to pay for the maintenance for the 8 year period? Assume 6% interest.

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Business Economics: Maintenance on a machine is expected to be 155 at end of
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