Question: Question 5 ( 1 . 5 pt ) : Three - Eleven Tech is saving $ 1 0 , 0 0 0 in each month

Question 5(1.5 pt): Three-Eleven Tech is saving $10,000 in each month to pay for an equipment that will cost $700,000 five years from now. If the interest rate is 0.25% per month, how much additional funds will be needed to pay for this equipment at year 5?

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