Question: You recently acquired a building that will require a new $120,000 HVAC system in three to five years. To be conservative, you anticipate incurring the

You recently acquired a building that will require a new $120,000 HVAC system in three to five years. To be conservative, you anticipate incurring the expense at the end of year three. How much money will you need to save each month, in an account that yields eight percent annually, to cover the expense at the end of year three?

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