Question: Maintenance on a machine is $400 for the first year then increases by $30 each year aer that. You want to deposit enough in a

Maintenance on a machine is $400 for the first year then increases by $30 each year aer that. You want to deposit enough in a savings account today to cover all of the maintenance for the next 5 years. How much would you need to deposit today if interest is 12%/year compounded annually? Draw the cash flow. Help?

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