"Part of the income generated by an ice cream machine is saved to purchase a new machine in the future. If $5,769 is deposited annually at 4% interest, how many years must the current machine last before a new machine costing $60,866 can be purchased? The first deposit will occur exactly one year from now. (Enter your answer in number of years as an integer.)"

Answer rating: 100% (QA)

To determine how many years the current machine must last before a new machine can be purchased we ... View the full answer