What uniform annual amount must be invested

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A computer costs $1, has an estimated life of 10 yrs and a scrap value of $1500. Assuming no inflation and an interest rate of 4%, what uniform annual amount must be invested at the end of each of the 10 yrs in order to replace the computer?

$708, $850,$1000, $1152, $1278

Reference no: EM131169556

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