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Question: your company wants to set aside a fixed amount every...

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Your company wants to set aside a fixed amount every year to a sinking fund to replace a piece of industrial equipment costing $246,000 at the end of four years from now The sinking fund is expected to earn 6% interest. How much m ust your company deposit each year to meet this goal? Click the icon to view the interest factors for discrete compounding when 1-6% per year. Your company nust deposit each year Sto meet this goal. (Round to the nearest dollar.)

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