What uniform annual amount should the company spend in each, Financial Management

What uniform annual amount should the company spend in each

A company budgeted $45,000 per year to pay for equipment upgrade over a 5-year period. If the company spent only $31,000 in year 1, what uniform annual amount should the company spend in each of the next 4 years to expend the entire budget? Use an interest rate of 12% per year

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Financial Management: What uniform annual amount should the company spend in each

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Financial Management: What uniform annual amount should the company spend in each

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