Question: A company plans to replace an aging machine in 6 years. The new machine should cost about $274,857. The old machine should also have a

A company plans to replace an aging machine in 6 years.

A company plans to replace an aging machine in 6 years. The new machine should cost about $274,857. The old machine should also have a $1,559 trade-in value For now, they make process changes that save $156 a month in operating costs. They plan to invest the savings each month at a nominal 8.20%, compounded monthly. They do not want to finance the new machine. To do this, how much more must they save per month

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