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How much money should be prepare today to finance

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Problem 1: You have purchased a machine worth P1,909,709.00. And it needs maintenance every 6 months starting from its purchased date for the first 10 years of its useful life. The maintenance cost is equivalent to the 2% of the total machine cost. How much money should be prepare today to finance the requirement if the interest rate is 0.10 compounded quarterly?

Reference no: EM132645066

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