Question: A company needs $ 1 1 8 , 9 2 1 at year 9 for a purchase. The company expects to receive $ 7 ,

A company needs $118,921 at year 9 for a purchase. The company expects to receive $7,743 from a bonus project payout in year 3. How much should be deposited at year 0 into an account with an 8% annual compound interest?

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