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How much does the ABC have to save each quarter

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Question - ABC plans to make deposits at the beginning of each quarter starting now in a savings account so it can buy a machine 6 years from now. The price of this machine will be $774,817, 6 years from now. The firm can earn 4% APR compounded quarterly on its savings. How much does the ABC have to save each quarter to have enough money to buy the machine?

Reference no: EM132917880

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