You Own a Small Machine Shop

question 94

Multiple Choice

You own a small machine shop. You would like to save $180,000 to buy some new equipment two years from now. The plan is to set aside an equal amount of money each quarter, starting today. You
Can earn a 5.3% rate of return. How much does the firm have to save each quarter to achieve this
Goal?

• A) $20,637.04
• B) $20,709.18
• C) $20,711.14
• D) $21,196.31
• E) $21,477.16

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A particular area of study, knowledge, or interest within a broader field or discipline.

Illegal

Activities or actions that are prohibited by law and subject to punishment, including civil or criminal penalties.

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