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The bamboo furniture company manufactures rattan patio

Question: The Bamboo Furniture Company manufactures rattan patio furniture. It has just purchased a machine for $13,500 to cut and glue the pieces of wood. The machine is expected to last five years. If the company establishes a sinking fund to replace this machine, what annual payments must be made if the annual interest rate(AIR) is 8%?

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Mathematics: The bamboo furniture company manufactures rattan patio

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