A company that sells high-purity laboratory chemicals is conside

A company that sells high-purity laboratory chemicals is considering investing in new equipment that will reduce cardboard costs by better matching the size of the products to be shipped to the size of the shipping container. If the new equipment will cost $220,000 to purchase and install, how much must the company save each year for 3 years in order to justify the investment, if the interest rate is 10% per year?


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