Question: Q . 4 ( 1 . 7 5 marks ) Wilson Technology, a growing machine shop, wishes to set aside money now to invest over
Q marks Wilson Technology, a growing machine shop, wishes to set aside money now to invest over the next four years in automating its customer service department. The company can earn on a lump sum deposited now, and it wishes to withdraw the money in the following increments: Year : $ to purchase a computer and database software designed for customer service use; Year : $ to purchase additional hardware to accommodate anticipated growth in use of the system; Year : No expenses; and Year : $ to purchase software upgrades. How much money must be deposited now to cover the anticipated payments over the next years?
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