Question: Help Save & Exit Submit A small business has determined that the machinery they currently use will wear out in 17 years. To replace the

Help Save & Exit Submit A small business has determined that the machinery they currently use will wear out in 17 years. To replace the new machine when It wears out the company wants to establish a savings account today. If the Interest rate on the account is 11 percent compounded quarterly and the cost of the machinery will be $255,000, how much will the company have to deposit today! Multiple Choice $211724.22 o ooo O $121388.55 $123,881.63 O $122,804.40 O $122.639.88

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