Question: - You own a small machine shop. You would like to save $140,000 to buy new equipment three years from now. The plan is to
- You own a small machine shop. You would like to save $140,000 to buy new equipment three years from now. The plan is to set aside an equal amount of money each quarter (every three months). How much should the firm save each quarter to achieve this goal if you can earn a 5.8% return? A. $10,765.26 B. $8,396.17 C. $44,061.68 D. $12,795.26 E. $52,181.68
- You own a small machine shop. You would like to save \\( \\$ 140,000 \\) to buy new equipment three years from now. The plan is to set aside an equal amount of money each quarter (every three months). How much should the firm save each quarter to achieve this goal if you can eam a \5.8 retum? A. \\( \\$ 10,765.26 \\) B. \\( 58,396.17 \\) C. \\( \\$ 44,061.68 \\) D. \\( \\$ 12,795.26 \\) E. \\( \\$ 52,181.68 \\)
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