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How much does the company need to deposit now

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Question 1: Rewind Media Inc. has $629,000 in a 9% interest account. How many years will it take to deplete the account if $148,359 will be taken at the beginning of each year including today?

Question 2: Kropp Engineering is planning to purchase new machinery in 4 years for $134,000. How much does the company need to deposit now into a 12% investment fund that compounds interest quarterly?

Reference no: EM132689725

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