What single cash investment made now for white rock fire

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If the White Rock Fire Department invests now in new ladder systems for several of its trucks, the department would save $3,500 every 6 months in repair costs.

Problem 1: What single cash investment made now is equivalent to the repair payments if interest is 8% compounded quarterly and the payments are made at the beginning of every 6 months for 9 years but deferred for 3 years?

Reference no: EM132965457

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