Question: It is anticipated that in five years from now you will need a new piece of instrumentation. Assuming that the device can be purchased for

It is anticipated that in five years from now you will need a new piece of instrumentation. Assuming that the device can be purchased for $30,000 and that money is worth 15%, how much must be deposited yearly in an investment account to have the required amount?

$5449

$4549

$3957

$4449

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