A company will need 100000 in five years time to replace, Business Economics

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A company will need 100000 in five years time to replace

A company will need $100,000 in five year's time to replace one of its production lines. Assuming the company can earn 7% per year compound interest on its savings, how much should the company be saving at the end of each year for the next five years?

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Business Economics: A company will need 100000 in five years time to replace

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