Amount of money that would have to be deposited each year
Question: A manufacturing company wants to have $100,000 available in 5 years to replace a production line. The amount of money that would have to be deposited each year at an interest rate of 10% per year would be closest to?
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Problem: Assume that you are planning on how much you need to save for retirement.
The amount of money that would have to be deposited each year at an interest rate of 10% per year would be closest to?
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