Question: Q . 4 ( 1 . 7 5 marks ) Wilson Technology, a growing machine shop, wishes to set aside money now to invest over

Q.4(1.75 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 \(8\%\) on a lump sum deposited now, and it wishes to withdraw the money in the following increments: - Year 1: \(\$ 20,000\), to purchase a computer and database software designed for customer service use; - Year 2: \(\$ 3,000\), to purchase additional hardware to accommodate anticipated growth in use of the system; - Year 3: No expenses; and - Year 4: \(\$ 5,000\), to purchase software upgrades. How much money must be deposited now to cover the anticipated payments over the next 4 years?
Q . 4 ( 1 . 7 5 marks ) Wilson Technology, a

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