Question: PKU Company needs to replace a machine in 3 years. The new machine is expected to cost $15,000. How much does PKU have to put

PKU Company needs to replace a machine in 3 years. The

PKU Company needs to replace a machine in 3 years. The new machine is expected to cost $15,000. How much does PKU have to put into a savings account today to have enough saved to purchase the machine, assuming an annual interest rate of 4%, compounded annually? (round to the nearest dollar) $13,313 $16,929 $13,335 $13,327

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