How much will the company have to bank today, Microeconomics

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How much will the company have to bank today

Problem

A contractor is saving to purchase a 5200,000 machine. How much will the company have to bank today if the interest rate is 10% and they would like to purchase the machine in 4 yr?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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