Solution-Purchase a red tape cutting machine ten years

Purchase a red tape cutting machine ten years

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Reference no: EM131253905

What amount must be deposited into a savings account that pays 8% interest if the inflation rate is 10% and you want to set aside enough money to purchase a red tape cutting machine ten years after the deposit? The current cost of a red tape cutting machine is $10,000.

Reference no: EM131253905

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Purchase a red tape cutting machine ten years

Reference no: EM131253905

Reference no: EM131253905

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