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How much do have to invest today to buy the machine

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Probnlem 1: As administrator of FAU- Out patient Center, you want to buy a sonogram machine in 2 years. The clinic already has $50,000 saved, but the machine will cost $68,500. If your local bank would pay 9% interest. How much do you have to invest today to buy the machine in two years? Do you have enough money to invest today?

Reference no: EM132906880

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