In Problems 20-52: a. State the type; and (mathbf{b}). Answer the question. A computerized checkout system is
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In Problems 20-52:
a. State the type; and \(\mathbf{b}\). Answer the question.
A computerized checkout system is planned for Able's Grocery Store. The system will be delivered in 18 months at a cost of \(\$ 560,000\). How much should be deposited today (to the nearest dollar) into an account paying \(1.5 \%\) compounded daily?
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