Nichols electric expects to replace a 500000 piece of
Nichols Electric expects to replace a $500,000 piece of equipment in 4 years. It plans to accumulate the necessary funds by making equal monthly deposits into a bank fund that earns 3/4% per month. What is the monthly deposit?
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nichols electric expects to replace a 500000 piece of equipment in 4 years it plans to accumulate the necessary funds
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