Question: Elijah Enterprises will need to upgrade the computer system in 5 years. They anticipate the upgrade to cost $91,300. If the discount rate is 11%,

Elijah Enterprises will need to upgrade the computer system in 5

Elijah Enterprises will need to upgrade the computer system in 5 years. They anticipate the upgrade to cost $91,300. If the discount rate is 11%, what will be the required yearly investment needed to obtain the money for the upgrade? Round your (1+R)n value to 2 decimal places and use that number for your final amount required rounded to the nearest dollar. What would be required if the discount rate was 6%

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