Question: A company wants to replace a current machine. It will cost $979,236, 8 years from now. If they save $5,996 a month in an account

A company wants to replace a current machine. It will cost $979,236, 8 years from now. If they save $5,996 a month in an account that gives them 0.94 per month, how much money will they still need to pay for the machine.

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