Question: PROBLEM NO. 2: The maintenance on a machine is expected to be $155 at the end of the first year and then increase $35 each

PROBLEM NO. 2: The maintenance on a machine is expected to be $155 at the end of the first year and then increase $35 each year for the next seven years. What sum of money would need to be set aside now to pay the maintenance for the eight-year period? Assume 6% interest

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